Stocks Slip for Third Day as Oil and Bond Yields Bite

Wall Street closed lower for a third straight session on Tuesday, with the Nasdaq dropping 1.33%. The decline was led by a selloff in technology shares, particularly in semiconductor and data-storage companies. Rising bond yields and higher oil prices weighed on investor sentiment. As yields on government bonds climb, they become more attractive than stocks, pulling money out of equities. At the same time, costlier oil raises fears of persistent inflation, which could prompt central banks to keep interest rates higher for longer. The broad-based retreat suggests traders are growing cautious after a strong run earlier this year, though no single headline triggered Tuesday's move. Analysts say the market is adjusting to a simple reality: when borrowing costs stay high and energy prices rise, future corporate profits look less certain. For now, the selling remains orderly, but the three-day slide marks the longest losing streak for major indexes in recent weeks. Investors will watch upcoming inflation data and corporate earnings for clearer direction.