Corrected: Dow closes below 200-day moving average, as long-term Treasury yields climb

This article has been updated to reflect the correct date when the Dow Industrials last fell below its long-term average.

The Dow Jones Industrial Average
DJIA,
-1.14%
finished down 388 points on Tuesday, below its 200-day moving average, which could signal a reversal of an upward trend for the index. The Dow last fell below the long-term average on May 25. U.S. stocks closed sharply lower on Tuesday, as long-term Treasury yields reached their highest levels in a dozen years or more. The S&P 500
SPX,
-1.47%
ended down 1.5% and the Nasdaq Composite
COMP,
-1.57%
fell 1.6%.