The blue-chip index joined the S&P 500 and Nasdaq Composite in letting go of earlier gains within the face of rising bond yields. The Dow was down 75 points, or 0.2%. The S&P 500 was down 0.3%. The Nasdaq Composite was down 0.5%.

The yield on the 10-year Treasury note was as much as 4.8%, while the 30-year yield was as much as 4.99%. Though a cooler-than-expected producer price index for December initially sent bond yields lower and stocks higher, the report didn’t relieve concerns concerning the path forward for rates of interest. It could take a cool consumer price index tomorrow to actually shift momentum, a minimum of until earnings reports start rolling out.