Stocks Wilt Under Pressure From Rising Yields

Overview:  Higher interest rates, driven by inflation expectations, is forcing an adjustment to equity markets.  The S&P 500 is poised to gap lower today following slides in the Asia Pacific region and Europe. Japanese and Taiwanese indices advanced by steep losses were seen in China, Hong Kong, and India.  Europe’s Dow Jones Stoxx 600 is off about 0.7% in late morning turnover,…