Goodyear Tire & Rubber fell 4.9 percent after warning of higher expenses for raw materials. (BA), but the broader market finished (http://www.marketwatch.com/story/stock-selloff-set-to-continue-as-10-year-yield-blows-further-past-3-2018-04-25) the session little changed, as investors wrestled with climbing government bond yields.
Other companies, including Lockheed and 3M, also gave disappointing updates, adding to the sting of rising Treasury yields.
"It's not a mystery why these things are happening", Baumohl said.
Other technology stocks in the FAANG group, Facebook, Amazon.com Inc and Netflix Inc, also weighed on the Nasdaq.
Comcast rose 2.7 percent after the largest USA cable company confirmed its $31 billion bid for Sky on the heels of its better-than-expected earnings report.
The aerospace company topped Wall Street's estimates in the first quarter and raised its forecasts for the year. The stock market had already been spooked by a climb in bond yields earlier in the year, sliding sharply in February.
COMMODITIES: Benchmark U.S. crude oil rose 8 cents to $67.78 in NY.
The S&P 500 index lost 11 points, or 0.4 percent, to 2,623.
"Fears of "peak earnings" are laughable considering that the average constituent in the S&P 500 has enjoyed year-over-year bottom line growth in excess of 20%", Klein wrote in a note.
The 10-year Treasury note's yield exceeded 3% on Wednesday, reaching its highest level since 2013. Meanwhile, the Alphabet stocks fell by more than 4.5%. Exxon Mobil rose 1.5 percent after raising its dividend.
The Nasdaq is down 138.77 points, or 1.9 percent.
The Dow is down 438.81 points, or 1.8 percent. Hong Kong's Hang Seng lost 1.1 percent and South Korea's Kospi lost 0.6 percent.
Broncos Shift Focus to Defense with Bradley Chubb Pick
Barring trades, Denver will wrap up its draft with two fourth-round picks and two fifth-round selections Saturday. Now, Sutton could be expected to immediately compete for Denver's third receiver spot behind Thomas and Sanders.
Local roots for accused "Golden State Killer"
In the video, Belli describes the terror that was unleashed in the late 1970s during a string of rapes in the Sacramento area. First he struck in the foothills east of Sacramento , raping at least 46 women, before he began killing and headed south.
Shire (SHP) Receives "Hold" Rating from Liberum Capital
Royal Bank of Canada set a $192.00 target price on Shire and gave the stock a "buy" rating in a report on Monday, February 5th. That's a 60 percent premium to Shire's closing price on March 27, before Takeda disclosed its interest in the US drugmaker.
The death toll from protests in Nicaragua increased
The streets of Managua wore a devastated look following the clashes between the police and the protesters, AFP said further. Voices cry his name and someone presses a piece of cloth to his head to try to staunch the stream of blood.
Israel cancels expulsions of African migrants
Uganda recently backtracked on a deal with Israel to absorb several thousand migrants following days of negotiations in Kampala. Israel is still conducting what it calls "voluntary" deportations, though in reality there is nothing voluntary about them.
Asaram Bapu found guilty in rape case
Asaram's spokesperson Neelam Dubey said they will talk to their legal team and decide the future course of action. The three states were also told to deploy additional forces in sensitive places, a Home Ministry official said .
Korean Leaders Work to Control Summit Optics
In a press briefing, Sanders said North Korea has "been open with their willingness to denuclearize", Xinhua reported. The past two summits in 2000 and 2007 were both held in Pyongyang.