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- US stocks fell Wednesday, feeling the pinch from rising bond yields and as investors mulled earnings.
- Inflation risks were on the radar after UK inflation unexpectedly stayed above 10% with food prices rising.
- Morgan Stanley and Netflix shares were on the move after quarterly results.
US stocks pulled back Wednesday as investors navigated through the latest batch of earnings from Corporate America while watching bond yields kick higher.
The S&P 500 was on course to fall after two straight sessions of gains, with stocks feeling the weight of rising Treasury yields. Government bond yields advanced alongside those in the UK after inflation there unexpectedly held above 10% in March as food prices soared.