Nasdaq falls for 3rd straight day as Treasury yields rise with climbing oil prices reviving inflation concerns

U.S. stocks finished lower on Wednesday with the Nasdaq Composite suffering three consecutive sessions of losses as investors remained wary of higher Treasury yields after a stronger-than-estimated reading on the services industry for August, while rising oil prices revived concerns over inflation and more interest-rate hikes by the Federal Reserve.

How stocks traded

On Tuesday, the Dow, S&P 500 and Nasdaq Composite all ended lower as U.S. investors returned from a three-day holiday weekend.

What drove markets

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