Business

Snapshot: Stocks fall again as bond yield creeps up

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US stocks fell for a fourth straight day Monday as investors continued to worry about the recent rise in bond yields. Bank stocks also dragged down the broader market. The yield on the benchmark 10-year Treasury note rose to 2.88 percent from 2.83 percent Friday. The quick rise in bond yields has worried some investors because it leads to higher interest rates on many kinds of loans . Bank stocks slid after a report from the Fed appeared to indicate that large bank holding companies could need to raise capital. The Fed will stay in the glare this week as it publishes the minutes of its July policy meeting and starts its annual conference in Jackson Hole, Wyo.

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