Market Snapshot: U.S. stocks pare losses as rising bond yields weigh on ‘Magnificent 7’ stocks


U.S. stocks traded lower on Thursday afternoon, trimming some of their losses as Nasdaq struggled to bounce back from six-week lows after rising bond yields spurred weakness in some of the so-called Magnificent Seven megacap stocks.

How are stocks trading

The Dow and S&P 500 were on track to extend a losing streak to a third straight session as major indexes headed for another week in the red. The S&P 500 hasn’t fallen for three weeks in a row since February, FactSet data show.

What’s driving markets


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