Stocks fell and Treasury yields rose to multiyear highs on expectations the Federal Reserve will unveil more forceful monetary tightening to curb inflation this week.
The major U.S. indexes opened Tuesday morning in the red and stayed there through the closing bell, a reversal of Monday’s gains. The S&P 500 lost 43.96 points, or 1.1%, to end at 3855.93. The Dow Jones Industrial Average dropped 313.45 points, or 1%, to 30706.23 and the Nasdaq Composite retreated 109.97 points, or 1%, to 11425.05.
