"Wall Street's Slide Continues as Treasury Yields Rally on Jobs Data"

Wall Street's major indexes declined as Treasury yields continued to rise, reaching their highest levels since 2007. The hotter-than-expected jobs data raised concerns about interest rates remaining elevated for a longer period, leading to a drop in megacap stocks such as Apple, Tesla, Amazon, Alphabet, and Microsoft. The consumer discretionary sector saw the largest decline, while utilities and industrials also slipped. The Labor Department reported higher job openings for August than economists had estimated. Investor focus now turns to the ADP National Employment numbers and the non-farm payrolls report for further insights into the US labor market.