Stock Market Today: Stocks Close Lower After Roller-Coaster Session

The major market indexes were all trading sharply lower after this morning's economic data, but came off their session lows by the close.

stock market chart
(Image credit: Getty Images)

Stocks opened sharply lower Wednesday following two straight days of red-hot gains as yields on government bonds resumed their recent climb.

The 10-year Treasury yield jumped 13.6 basis points to 3.753% after today's round of data pointed to a resilient U.S. economy. (A basis point is equivalent to 0.01%.)

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Karee Venema
Senior Investing Editor,

With over a decade of experience writing about the stock market, Karee Venema is the senior investing editor at She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at Schaeffer's Investment Research. In her previous role, Karee focused primarily on options trading, as well as technical, fundamental and sentiment analysis.