Rising bond yields hit Wall Street – shares in vaccine developer Novavax fall around 25 percent

new York Rising yields on US bonds due to renewed interest rate concerns weighed on Wall Street midweek. The Dow Jones index of standard values ​​closed almost unchanged on Tuesday at 32,661 points. Meanwhile, the broader S&P 500 fell 0.5 percent to 3,951 points and the Nasdaq index fell 0.7 percent to 11,379 points.

Robust economic data such as the purchasing managers’ index for US industry published on Wednesday led investors to fear that the US Federal Reserve would raise interest rates more than previously assumed.