S&P 500 falls for a third day as Treasury yields continue rising: Live updates

Traders on the New York Stock Exchange saw the S&P 500, Nasdaq, and Dow Jones all fall as Treasury yields continued to rise. McDonald’s stock dropped over 5% due to an E. coli outbreak linked to its burgers, while Coca-Cola also saw a slight dip despite beating third-quarter expectations. The increase in rates, with the 10-year Treasury note reaching levels not seen since July, has added pressure on stocks. Concerns over robust economic data and deficit worries are contributing to the rise in yields, leading some traders to worry that the Federal Reserve may not cut rates as much as previously expected.