Stock Market Midday, Sept. 23: Stocks Slip as Treasury Yields Hit 19-Year High

U.S. equities declined by late morning as a spike in bond yields interrupted a technology-led rally: the Nasdaq fell 0.91% to 26,993, the S&P 500 dropped 0.55% to 7,722, and the Dow slipped 0.54% to 51,582. Higher yields are pressuring growth-oriented technology shares and driving a broader risk-off move.