US stocks pulled back on Wednesday as investors weighed a flare-up in US-China tensions over chips and assessed Target (TGT)-highlighted retail earnings for insight into the economic impact of President Trump's tariffs.

The Dow closed lower by 817 points, or 1.91%. The broader S&P 500 slid 1.61% and the tech-heavy Nasdaq Composite fell 1.41%. The three major indexes each posted their worst day in one month.

US stocks open lower. Target cuts sales outlook but Lowe's tops estimates. 30-year bond yield hits 5% and oil prices rise.

Stock futures moved lower Thursday after major indexes posted steep declines yesterday amid mounting concerns about the federal deficit as a budget bill works its way through Congress.

Stocks drifted to a mixed close on Wall Street in what has been a rocky week because of worries coming out of the bond market about the U.S. government’s mounting debt.

UnitedHealth has gone from bad to worse, and its drop is impacting the Dow Jones Industrial Average even more than it is the S&P 500.

U.S. stocks saw a broad selloff Wednesday afternoon after the yield on the 10-year Treasury crossed above 4.5% rattling investors. The benchmark is a barometer for everything from mortgages to personal loans and now signaling higher borrowing costs.