Wall Street ends lower for second session

US stocks fell for a second straight session on Tuesday as Treasury yields remained at their highest levels in more than two decades, outweighing optimism over lower oil prices.

The Dow Jones Industrial Average fell 0.26%, or 131 points, to 51,349.

The broader S&P 500 lost 0.17%, or 12 points, to 7,670, while the Nasdaq Composite edged down 0.10%, or 22 points, to 26,797.

In Europe, the STOXX Europe 600 was flat at 638 points.

The UK’s FTSE 100 fell 0.45% to 10,636, while France’s CAC 40 dropped 0.53% to 8,035. Germany’s DAX edged up 0.10% to 25,399.

In Japan, the Nikkei 225 fell 0.60% to 65,481, while the broader TOPIX dropped 1.70% to 4,041.

Brent crude futures for November delivery fell 2.56%, or $2.69, to $102.59/bbl.

US WTI crude futures for November delivery dropped 3.48%, or $3.22, to $89.38/bbl.

Gold futures for December delivery rose 0.27%, or $11.30, to $4,179.70/oz.

Market drivers

Rising Treasury yields weighed on Wall Street as investors awaited inflation and labor market data due this week for clues on the interest-rate outlook. Oil prices also remained elevated despite Tuesday’s decline.