U.S. stocks closed lower Tuesday as a global bond selloff drove long-term yields to their highest levels in years, weighing on equities and particularly on technology and chip shares. The Dow Jones Industrial Average fell 116.38 points, or 0.22%, to 53343.40. The S&P 500 dropped 53.30 points, or 0.69%, to 7691.76, and the Nasdaq Composite slid 355.20 points, or 1.33%, to 26289.71. Market sentiment was also hit by renewed geopolitical concern after a U.S.-Iran ceasefire expired. Preliminary NYSE breadth data showed declines outnumbered advances, with 1779 falling issues versus 945 rising issues.