U.S. stocks sank Tuesday as bond yields ticked up and data showed consumer confidence fell for the second consecutive month in September.

The Nasdaq sank 1.6% Tuesday while the S&P 500 dropped 1.5%. The Dow Jones Industrial Average lost 1.1%, its biggest one-day decline since March.

Consumer confidence fell in September to its lowest level in four months, according to the Conference Board's monthly survey. The Consumer Confidence Index slipped to 103 from a revised level of 108.7 in August, a larger drop than economists were expecting.1

Investors are also contending with the possibility of a federal government shutdown. Lawmakers have until Sept. 30 to agree on a budget or pass a bill to extend the deadline and keep the government open. If they don't, up to 900,000 federal employees could be furloughed, including the economists and statisticians who collect and analyze the data the Federal Reserve needs to rein in inflation.

Bond yields dipped early in the morning before rising to match yesterday's highs. Asian and European equities sank, with the Japanese Nikkei dropping more than 1%. The dollar rose to its highest level all year.

Stocks eked out gains yesterday as Treasury yields continued their relentless climb, with the 10-year yield closing above 4.5% for the first time since 2007.

S&P 500 Gains and Losses

2 hr 11 min ago

Here are the S&P 500 stocks that gained and lost the most today.

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