Dow dives 697 points as bond yields jump on concerns the Fed will keep raising rates

• US stocks dropped Tuesday as investors fret that the Fed will keep rates elevated. 
• Investors will parse minutes from the Fed's February meeting on Wednesday. 
• The 2-year bond yield was approaching 2007 highs. 

Stocks plunged Tuesday, continuing to pare gains for the year as investors worry sticky inflation will convince the Federal Reserve to keep interest rates at high levels compared with zero less than a year ago.