Dow Drops as Rising Treasury Yields Shake Wall Street

US stocks fell on Wednesday, with the Dow Jones Industrial Average dropping 1% and the S&P 500 and Nasdaq Composite also declining, as rising Treasury yields and concerns over prolonged high interest rates unsettled investors. The 10-year Treasury yield hit its highest level since early May, overshadowing gains in Nvidia stock. Salesforce shares plummeted after a disappointing revenue forecast, while Netflix saw a 2% rise on bullish analyst calls. ConocoPhillips announced a $22.5 billion acquisition of Marathon Oil, continuing a trend of consolidation in the energy sector.