Stocks Ended Lower, Dow Broke 8-day Winning Streak

U.S. stocks ended lower on Tuesday, with the Dow snapped an eight-day winning streak, after bond yields rose and strong retail sales data stoked inflation concerns. The Dow Jones Industrial Average fell 193.00 points, or 0.78%, to 24,706.41. The S&P 500 lost 18.68 points, or 0.68%, to 2,711.45. The Nasdaq Composite dropped 59.69 points, or 0.81%, to 7,351.63.

Oil settled higher Tuesday, with supply concerns tied to political unrest in the Middle East lifting prices for the global crude benchmark to its highest finish in 3½ years. June West Texas Intermediate crude added 35 cents, or 0.5%, to settle at $71.31 a barrel. July Brent crude oil climbed by 20 cents, or 0.3%, to $78.43 a barrel.

The 10-year U.S. Treasury yield rose to its highest level since 2011. The global borrowing benchmark surpassed 3.0516 percent, the intraday peak from Jan. 2, 2014, and reached 3.0539 percent on Tuesday.

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