U.S. Stocks Drop as Bond Yields Rise Above 5 Percent; J.C. Penney Declines

(Bloomberg) -- U.S. stocks fell for a third day
after the yield on the 10-year Treasury note rose above 5
percent for the first time since August.

Citigroup Inc., the biggest U.S. bank, and Goldman Sachs
Group Inc., the largest securities firm, led financial companies
lower. Wal-Mart Stores Inc., Macy's Inc. and J.C. Penney
retreated after reporting May sales that trailed estimates.


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