India, Sept. 23 -- The S&P 500 declined 0.53% on Wednesday, September 23, as rising US Treasury yields and higher crude oil prices added pressure on Wall Street. Investors also assessed fresh US economic data showing that business activity accelerated sharply in September, potentially reinforcing expectations for further Federal Reserve rate hikes.

Index Falls 0.53%

The benchmark S&P 500 fell 0.53% during Wednesday's trading session, while the Dow Jones Industrial Average declined 0.18% and the Nasdaq Composite dropped 1.05%, according to Reuters. The broader market came under pressure as Treasury yields moved higher and investors reassessed the outlook for US monetary policy.

The decline followed a relatively subdued session on Tuesda...