Stocks and bonds sold off as economic data solidified expectations of more rate increases. The S&P 500 and Nasdaq both fell 0.8%, while the Dow lost 1.1%. The yield on the 10-year Treasury rose to 4.04%.

Stocks and bonds sold off as economic data solidified expectations of more rate increases. The S&P 500 and Nasdaq both fell 0.8%, while the Dow lost 1.1%. The yield on the 10-year Treasury rose to 4.04%.