U.S. stocks finish lower as Treasury yields climb to highest level in more than 14 years.

U.S. stocks finished lower on Thursday for the second day in a row as yields on the 10-year and 2-year Treasury notes advanced to their highest levels in more than 14 years, causing early earnings-inspired gains in equities to evaporate. The S&P 500
SPX,
-0.80%
finished off 29.38 points, or 0.8%, at 3,665.78. The Dow Jones Industrial Average
DJIA,
-0.30%
dropped 90.22 points, or 0.3%, to close at 30,333.59. The Nasdaq Composite
COMP,
-0.61%
shed 65.66 points, or 0.6%, to close at 10,614.84. The yield on the 2-year Treasury note rose to 4.608%, its highest level since Aug. 8, 2007, based on 3 p.m. figures from Dow Jones Market Data. The yield on the 10-year Treasury advanced 9.8 basis points to 4.225%, the highest since June 17, 2008.