Stock Market Midday, Oct. 1: Stocks Edge Lower as Treasury Yields Surge to 24-Year High

As of 11:31 a.m. ET, the Nasdaq Composite (NASDAQINDEX:^IXIC) was down 0.22% to 26,801, the S&P 500 (SNPINDEX:^GSPC) was trading lower by 0.26% to 7,632, and the Dow Jones Industrial Average (DJINDICES:^DJI) dropped 0.56% to 50,623 as surging bond yields pressure blue chip compon