Wall Street falls across the board as Treasury yields rebound, Walmart disappoints

All three major US stock indexes fell Thursday as rising Treasury yields and a disappointing earnings report from retail giant Walmart weighed on markets.

The Dow Jones Industrial Average dropped 703.84 points, or 1.32 percent, to close at 52,759.21 on the New York Stock Exchange.

The S&P 500 fell 66.82 points, or 0.87 percent, to finish at 7,641.16.

The technology-heavy Nasdaq Composite also declined 263.93 points, or 1.00 percent, to end at 26,067.17, with all three indexes closing in negative territory.