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.

U.S. stocks fell on Wednesday as Treasury yields rose and investors digested prospects that passage of U.S. President Donald Trump's proposed tax-cut bill could swell the federal debt. All three major Wall Street indexes were lower.

Eastern time, the S&P 500 was down 0.4%, the Dow Jones Industrial Average lost 0.7%, and the Nasdaq Composite fell 0.2%.

U.S. stocks fell as momentum slowed for Wall Street after it rallied from a deep hole nearly all the way back to its all-time high set earlier this year.

U.S. stock indexes are drifting on Tuesday, as momentum slows for Wall Street after it rallied from a deep hole nearly all the way back to its all-time high set earlier this year. The S&P 500 was down 0.

U.S. stocks are sinking as momentum slows for Wall Street after it rallied from a deep hole nearly all the way back to its all-time high set earlier this year.