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Wall Street slumps under the weight of jumping Treasury yields and US debt worries

NEW YORK (AP) — Wall Street slumped under the weight of pressure from the bond market, where Treasury yields climbed on worries about the U. S. government’s spiraling debt and other concerns. The S&P 500 fell 1. 6% Wednesday. The Dow Jones Industrial Average dropped 1. 9%, and the Nasdaq composite sank 1. 4%. Stocks had been drifting only modestly lower earlier in the day, after Target and other retailers gave mixed forecasts for their upcoming profits. The market then turned sharply lower...

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