TRUMP: KASH PATEL IS DOING A VERY GOOD JOB

U.S. STATE DEPT: RUBIO AND UN'S GUTERRES SPOKE TUESDAY ABOUT U.S. EFFORTS TO STOP IRAN'S MINING AND TOLLING OF STRAIT OF HORMUZ

U.S. stocks fell Tuesday as Treasury yields climbed and investors awaited earnings from Nvidia. The Nasdaq Composite dropped 0.8%, while the S&P 500 and Dow Jones Industrial Average each fell about 0.6%. The 10-year Treasury yield rose above 4.6% and the 30-year yield briefly touched 5.2% as oil prices advanced amid blockades in the Strait of Hormuz. Markets also weighed President Donald Trump’s comments that “serious negotiations” are underway on Iran’s nuclear program and that there is a “very good chance” of a deal.