Stocks end sharply lower as Treasury yields extend climb

U.S. stocks fell Wednesday, feeling pressure as a continued bond-market selloff too Treasury yields to all-time highs. The yield on the 10-year Treasury note
TMUBMUSD10Y,
4.902%
jumped 5.6 basis points to close at 4.902%, based on 3 p.m. ET levels, its highest since July 2007. Stocks, which had previously held up to a renewed surge in yields, came under pressure, with the Dow Jones Industrial Average
DJIA,
-0.98%
ending more than 330 points lower, a fall of 1%,, near 33,665, according to preliminary figures, while the S&P 500
SPX,
-1.34%
shed 1.3% and the Nasdaq Composite
COMP,
-1.62%
declined 1%.