(CNBC) — U.S. stocks had their worst day in two months on Wednesday as a batch of corporate earnings reports disappointed investors. Concerns of rising bond yields also dampened sentiment in stocks.
The Dow Jones industrial average fell 112.3 points to close at 23,329.46, marking its biggest one-day fall since Sept. 5. The index dropped nearly 200 points at its session lows. Boeing contributed the most to the losses.
The stock closed 2.8 percent lower after two of its businesses saw declines in revenue compared to last year, largely due to $329 million in costs due to production problems of the KC-46 aerial refueling tanker.
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