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The Economic Times

Business / The Economic Times

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US stocks: US market sinks as bond yields rise, Walmart results disappoint

The S&P 500 consumer discretionary sector was one of the biggest drags on the benchmark index, with megacaps including Amazon and Tesla among its biggest index-point weights. Big percentage decliners included Royal Caribbean Group and Carnival Corp, which are sensitive to fuel prices.

21 Aug 2026 1:41 am