U.S. Stocks Fall After Bond Yields Surge; Shares of AT&T, Exelon Decline

(Bloomberg) -- The U.S. stock market posted its
first decline in a week after bond yields surged to a nine-month
high, spurring concern over higher corporate borrowing costs.

AT&T Inc. and Exelon Corp. led losses in telephone
companies and utilities as higher yields reduced the
attractiveness of their dividends. Bed Bath & Beyond Inc., the
largest U.S. home-furnishings chain, fell the most in the
Standard & Poor's 500 after saying profit will trail its
forecast.


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