Wall Street Today: Nasdaq, S&P 500 and DJIA All Fall Some 1.5% on Higher U.S. Treasury Yields

The $Dow Jones Industrial Average (.DJI.US)$ led the way downward in percentage terms, sinking 816.8 points (1.9%) to a 41,860.44 close.

The $S&P 500 Index (.SPX.US)$ likewise gave up 95.85 ticks (1.6%) to 5,844.61, while the $Nasdaq Composite Index (.IXIC.US)$ shed 270.07 points (1.4%) to 18,872.64.

As of shortly after 4 p.m. ET, the $U.S. 10-Year Treasury Notes Yield (US10Y.BD)$ was up 11.4 basis points to 4.595%, while the $U.S. 20-Year Treasury Bonds Yield (US20Y.BD)$ added 12.8 ticks to 5.118%.

The $U.S. 30-Year Treasury Bonds Yield (US30Y.BD)$ likewise gained 12.1 points to 5.088%.

Government-debt jitters sent the U.S. dollar falling. The $USD (USDindex.FX)$ – which measures the greenback against several currencies – eased 0.4% to 99.641 as of shortly after 4 p.m. ET.

Conversely, $Bitcoin (BTC.CC)$ rose as much as 3% to a record $109,857 intraday high on some exchanges.

$Tesla (TSLA.US)$ led the way downward, sinking 2.7%. $Apple (AAPL.US)$ (down 2.3%) and $NVIDIA (NVDA.US)$ (off 1.9%) followed closely behind.

Only $Alphabet-A (GOOGL.US)$ bucked the trend among the Mag-7 and rose, adding 2.8%.

-- $WeRide (WRD.US)$, which added 21.4%. The autonomous-driving firm rallied on a combination of well-received Q1 results and a new $100 million share-buyback plan.

-- $Canada Goose (GOOS.US)$, which gained 19.6%. The coat-maker rose on better-than-expected fiscal Q4 earnings and revenues.

-- $CoreWeave (CRWV.US)$, up 19%. The $NVIDIA (NVDA.US)$-backed cloud-infrastructure firm hit an all-time intraday high on word that it found demand for $2 billion of new bonds, a $500 million increase from the offering's expected size. CRWV rose to as high as $109.49 during the session – more than 170% above the $40 its shares went public at in March.

-- $Wolfspeed (WOLF.US)$, down 59.1%. WOLF, whose shares had reportedly been among Wall Street's most-heavily shorted, sank after The Wall Street Journal quoted unnamed sources as saying the semiconductor firm might soon declare bankruptcy.

-- $Wix.com (WIX.US)$, which shed 16.2%. The Web-development-platform company declined after missing Q1 earnings estimates and issuing poorly received forward guidance.

-- $UnitedHealth (UNH.US)$, off 5.8%. The struggling Dow-30 component fell yet again after The Guardian newspaper reported that the health-insurance giant allegedly paid nursing homes money not to transfer patients to hospitals for treatment. UNH has fallen in recent weeks on poor results, an abrupt CEO change and word of a U.S. government probe of the firm.