US stocks fell on Wednesday, hurt by a decline in heavily-weighted energy shares and climbing bond yields, which reignited concerns about higher interest rates and their impact on corporate profits.
Exxon Mobil Corp and Chevron Corp were the biggest drags on the S&P500 after weekly government data showed a larger-than-expected build in crude oil supplies, which sent crude futures down as much as 2 percent on the New York Mercantile Exchange.
Stock indexes extended losses as bond yields climbed. Equities have been sensitive to movements in Treasuries since a sell-off in the bond market sent yields to five-year highs. The Dow Jones industrial average was down 28.53 points, or 0.21 percent, at 13,606.89. The Standard & Poor's 500 Index was down 7.05 points, or 0.46 percent, at 1,526.65. The Nasdaq Composite Index was down 5.75 points, or 0.22 percent, at 2,621.01.