RARE PHOTOS: Stocks settle lower on higher bond yields | Vintage Vibes

The S&P 500 Index ($SPX) (SPY) closed down by -0.22% on Wednesday, the Dow Jones Industrial Average ($DOWI) (DIA) closed down by -0.66%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.21%. December E-mini S&P futures (ESZ26) fell -0.27%, and December E-mini Nasdaq futures (NQZ26) fell -0.27%.

Stock indexes settled lower on Wednesday amid higher T-note yields and the prospects of additional Fed rate hikes. The 10-year T-note yield climbed to a 24-year high of 5.36% on Wednesday, weighing on stocks. Also, the minutes of the September 15-16 FOMC meeting stated that most policymakers said another interest rate hike by year-end would be “appropriate.”