Stocks Slip as Rising Yields and Inflation Worries Spook Investors

Stocks slipped Thursday as rising yields and inflation worried investors. The S&P 500 fell 0.6%, the Dow fell 0.5%, and the Nasdaq fell 0.6%.

A weak auction for long-term Treasury bonds drove yields up across the bond market. Higher yields can knock down stock prices.

Oil prices eased after zigzagging, adding costs and hurting airlines. Delta fell 2.3% despite reporting better summer profits than expected.

Several major financial companies will report earnings on Friday, marking a potential return to profit growth after declines.

Ford shares dropped 1.9% as 8,700 auto workers left jobs in Kentucky, escalating a union walkout against Detroit automakers.