Stocks Slide as Treasury Yields Climb; Morgan Stanley Shares Drop on Legal Charge
• Wall Street slips from record highs as Treasury yields rise • S&P 500 down 0.6%, Dow loses 335 points, Nasdaq falls 0.5% • Morgan Stanley shares sink 5% on $535M earnings hit from legal matter • Analysts forecast weak 4Q earnings growth but see 11.8% jump in 2024 • Fed's Waller says policy "set properly" on rates, doesn't commit to cuts