How major US stock indexes fared Thursday, 10/19/2023

Wall Street closed lower as it faces the prospect of a 5% yield on the 10-year Treasury for the first time since 2007. The S&P 500 lost 0.8% Thursday following a mixed set of profit reports from Tesla and other influential companies The Dow Jones Industrial Average fell 250 points, and the Nasdaq composite dropped 1%. Stocks felt pressure from the bond market, where rising yields have been squeezing Wall Street since the summer. The yield on the 10-year Treasury touched 4.99% before paring its gain.