Dow now negative for year as rising yields hit stocks

U.S. stocks saw broad and steep selling on Tuesday as bond yields continued climbing, with the 10-year Treasury at the highest level in 16 years, nearing 4.7%.

“That’s why we are seeing the selloff. How high do rates go?” Mark Murphy, Rosecliff founder and managing partner, said during an interview on FOX Business’ “Varney & Co