Wall Street tumbles as US stocks fall toward their worst day in a month

NEW YORK (AP) — Wall Street is tumbling Tuesday as rising pressure from the bond market pulls U.S. stocks further from their records.

The S&P 500 sank 1.4% and was on track for its worst day in a month. The Dow Jones Industrial Average was down 516 points, or 1.1%, as of 12:30 p.m. Eastern time, and the Nasdaq composite was 1.7% lower. All three are still relatively close to their recently set all-time highs .