Abreast of the market: Stocks resume slide amid jump in bond yields, rfears of rate rise
NEW YORK -- The stock-market slide resumed after a one-day reprieve as bond yields jumped again.</br></br>A loss of 5/8 point in the Treasury's 30-year bond lifted its yield to 6.65% and renewed worries among stock investors that rising rates will torpedo the bull market.</br></br>The Dow Jones Industrial Average, which jumped 24.20 Tuesday, slumped 19.98, or 0.51%, to 3,891.68. Broad-based indexes fell somewhat less. Decliners led advancers about 1,177 to 948 on the New York Stock Exchange.</br></br>Volume on the Big Board was active at about 309,891,000 million shares, up from 270,636,000 million Tuesday.</br></br>Weakness in economically sensitive stocks contributed to the underperformance of the industrial average. Aluminum Co. of America lost 1 to 76, United Technologies fell 1 1/4 to 67 1/2 and Goodyear Tire slipped 1 1/4 to 45.