US markets slide as rising bond yields and weak Walmart results weigh on Wall Street

CommSec’s James Gruber breaks down the “big dip” in US markets as bond yields climb and Walmart delivers disappointing earnings. “US markets overnight, though, had a big dip actually,” Mr Gruber told News24. “The S&P 500 fell 0.9 per cent, and the Nasdaq was one per cent lower, and it was down to two things: bond yields rose … as well as Walmart, the retail bellwether in the US, it reported results that disappointed Wall Street.” Presented by CommSec.