The Nasdaq dropped almost 2% as bond yields rose and Apple shares tumbled. The Dow and the S&P 500 logged a third-straight loss.

U.S. stocks are falling Wednesday as more steam comes out of Wall Street’s huge, record-breaking rally. The S&P 500 was down 1.1% in late trading and heading for its worst drop in six weeks. It’s also on track for its first three-day losing streak since then,

U.S. indices are down in premarket trading as Wall Street’s record-breaking rally appeared to lose some steam despite strong quarterly performances from high-profile companies

A gauge of global shares was lower on Tuesday, on track for the second consecutive day of losses, with U.S. yields higher as markets weighed uncertainty ahead of the U.S. election as well as the outlook on interest rate cuts.

Asian stocks turned lower and the dollar stood by multi-month peaks on Tuesday as a sharp sell-off in bonds and a jump in gold suggested investors are hunkering down ahead of the U.S. election. Benchmark 10-year Treasury yields rose 11 basis points overnight and a further 1 bp in early Asia trade to 4.