U.S. Stocks Close Lower in Broad Retreat From Recent Record Highs

Dow sheds 259 points. Treasury yields extend their decline. Transportation stocks down on report President Biden plans order targeting railroads, ocean shipping. Netflix signs "Bridgerton" producer Shonda Rhimes to new deal. Amazon to add Universal Pictures' films to Prime Video. Individual investors take aim at Carver Bancorp as next short-squeeze target. J.R. Whalen reports. Learn more about your ad choices. Visit megaphone.fm/adchoices