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US stocks: US market sinks as bond yields rise, Walmart results disappoint

The S&P 500 consumer discretionary sector was one of the biggest drags on the benchmark index, with megacaps including Amazon and Tesla among its biggest index-point weights.

  • U.S. stocks declined as bond yields rose, reducing risk appetite
  • Walmart's quarterly results missed expectations due to high gasoline prices
  • S&P 500 ended lower at 7,642.69 points, Nasdaq dropped 1.00% to 26,067.81

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