India, Oct. 7 -- Wall Street moved lower on Wednesday, October 7, with the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite retreating after the S&P 500 and Nasdaq had closed at record highs in the previous session. Rising Treasury yields and a rebound in oil prices weighed on investor sentiment, while traders awaited the Federal Reserve's September meeting minutes.

Why Are Stocks Down?

The main U.S. stock indexes came under pressure as investors reassessed the outlook for inflation, interest rates and energy costs. Brent crude moved back above $100 a barrel, renewing concerns that higher energy prices could add to inflationary pressure.

At the same time, Treasury yields climbed sharply. Reuters reported that the 30-year Trea...