Stocks slide as bond yields rise and US dollar slumps

Improving European economic data is easing the fear of deflation, pushing up bond yields in the euro zone, while persistently weak U.S. economic data in the first four months of the year, along with poor corporate earnings, is calling the valuation of equities into question. "Markets can handle slowly, gradually-rising interest rates as an economy continues to improve. The uncertainty is that these are pretty significant moves,” said Chuck Carlson, chief executive officer at Horizon Inves