Stocks slide as Treasury yields continue climb; oil gains 4%: Live updates

U.S. stocks moved lower on Thursday as investors faced more pressure from rising Treasury yields and elevated oil prices. The Dow Jones Industrial Average fell 181 points, or 0.4%. The S&P 500 dipped 0.4%, and the Nasdaq Composite was down 0.5%. The benchmark 10-year Treasury note yield rose more than 1 basis point to 5.288%. The 2-year Treasury yield gained more than 3 basis points to 4.798%. Those moves came after Federal Reserve Governor Christopher Waller said more hikes may be needed to curb inflation. Oil prices spiked also after President Donald Trump said he doesn't want to make a deal with Iran to end the war, while the U.S. is reportedly preparing for "massive bombing" in the Middle East. Brent crude jumped 4% to around $104 per barrel. West Texas Intermediate futures, meanwhile, advanced 4% to around $92.