US stocks drop again as bond yields jump

Traders work on the floor of the New York Stock Exchange during morning trading on Aug 18, 2026 in New York City. (Photo: AFP/Michael M. Santiago) 19 Aug 2026 01:26AM NEW YORK: Wall Street stocks fell early Tuesday (Aug 18), extending the prior session's retreat as surging bond yields and higher oil prices weighed on investor sentiment.The yield on the 30-year US Treasury bond has reached its highest level in nearly 20 years, with yields also increasing for bonds from Germany, Japan and other countries."Bond yields are really casting a pretty dark cloud over the equity markets and tech in particular," said Jack Ablin of Cresset Capital.About 15 minutes into trading, the Dow Jones Industrial Average was down 0.1 per cent at 53,388.39.The broad-based S&P 500 shed 0.5 per cent to 7,707.42, wh