Rising US bond yields and higher oil prices send Wall Street lower

At the close, the Dow Jones industrial average had fallen 0.7 percent, the broad S&P 500 lost 0.8 percent, while the tech-heavy Nasdaq composite index had fallen 1.1 percent.

The US 10-year interest rate was at 5.1 percent at 10 p.m. Other US market interest rates have also moved higher, which can be seen as a sign that the market is worried that the country's central bank, the Fed, may raise its key interest rate.

In parallel with interest rates, oil has become more expensive again. A barrel of North Sea oil cost just over $103 late Wednesday evening.