From Nasdaq:

Stocks are down this morning with the S&P 500, Dow Jones, and Nasdaq 100 all in the red. Inflation concerns are driving T-note prices down, pushing yields higher. Negative corporate news from Adobe and Jabil are also impacting the market. Overseas stock markets are mixed. Bond yields in Europe are higher, and US stock movers include Adobe, Jabil, and Ulta Beauty. Steel Dynamics is leading gainers in the S&P 500, while Micron Technology is leading gainers in the Nasdaq 100. Valero Energy is also up after an upgrade from Bank of America. Madrigal Pharmaceuticals is up more than 18% after FDA approval for its Rezdiffra drug.



Read more at Nasdaq: Stocks Slide on Higher Bond Yields and Triple Witching