Stocks Fall, Ending 4-Day Rally, as Rate Worries Resurge After Weak Auction and High Inflation

Stocks sank Thursday, breaking a 4-day winning streak after weak Treasury auction and high inflation reading raised rate concerns.

Nasdaq, up in morning, sank in afternoon, finishing 0.6% lower. S&P 500 fell 0.6%, Dow 0.5%.

Foreign demand for long-term bonds weakest this year, sparking yield surge worries.

CPI rose 0.4% in September, slowing from August but above expectations. Core inflation steady.

Bond yields jumped, dollar gained, oil gave up gains. Stocks rose Wednesday as Middle East conflict sent investors to havens.