(Bloomberg) -- U.S. stocks fell for the first time in
four days after bond yields rebounded from their lows of the day,
raising concern that higher borrowing costs will crimp corporate
profits and make takeovers more expensive.
Exelon Corp. and Dominion Resources Inc. led shares of
utilities lower as higher returns on bonds make their dividends
less appealing. Wendy's International Inc., the third-biggest
hamburger chain, declined after the company reduced its profit
forecast.
Read more at Bloomberg Stocks News
four days after bond yields rebounded from their lows of the day,
raising concern that higher borrowing costs will crimp corporate
profits and make takeovers more expensive.
Exelon Corp. and Dominion Resources Inc. led shares of
utilities lower as higher returns on bonds make their dividends
less appealing. Wendy's International Inc., the third-biggest
hamburger chain, declined after the company reduced its profit
forecast.
Read more at Bloomberg Stocks News
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