Dow falls for a third day, loses more than 350 points as Treasury yields march higher: Live updates

Traders work on the floor of the New York Stock Exchange (NYSE) on October 22, 2024 in New York City.Spencer Platt | Getty ImagesThe Dow Jones Industrial Average continued its decline on Wednesday as Treasury yields rose, reflecting traders’ concerns about higher-for-longer rates.The 30-stock Dow shed 378 points, or almost 0.9%. The S&P 500 slid 0.9%, also on track for a third-day decline. The Nasdaq Composite lost about 1.5%.At its session high, the benchmark 10-year Treasury note yield topped 4.25%, reaching its highest level since July 26.Robust economic data and deficit worries are among the factors behind the rise in the 10-year Treasury yield, despite a half-point rate cut from the Federal Reserve in September. Traders are also growing concerned that central bank policymakers may be less inclined to reduce rates, even as the Fed had forecasted another half-point worth of trimming before the year ends.”To me, it’s all about the impact of higher rates. The market is repricing…