Traders work on the floor at the New York Stock Exchange in New York. (AP Photo/Seth Wenig)

NEW YORK (AP) — Wall Street is back to falling this morning, even as pressure from the bond market relaxes a bit.

The S&P 500 was 0.6% lower in early trading, coming off a rare gain and on track for its fifth drop in six days. The Dow Jones Industrial Average was down 152 points, or 0.4%, at 33,854, as of 9:45 a.m. Eastern time, and the Nasdaq composite was 0.6% lower.

Stocks have tumbled this month, which is on track to be their worst of the year, as the realization sets in that the Federal Reserve will indeed keep interest rates high for a long time. The growing understanding has sent yields in the bond market to their highest levels in more than a decade, which in turn has undercut prices for stocks and other investments.

Treasury yields were more stable this morning, ahead of a few reports on the U.S. economy. The yield on the 10-year Treasury slipped to 4.52% from 4.54% late Monday, though it’s still near its highest level since 2007.

Yields could shake later in the morning when reports are due on consumer confidence, sales of new homes and manufacturing.

While housing and manufacturing have felt the sting of high interest rates, the economy overall has held up well enough to raise worries that upward pressure still exists on inflation. That pushed the Fed last week to say it will likely cut interest rates by less next year than earlier expected. The Fed’s main interest rate is already at its highest level since 2001 in its drive to get inflation back down to its target.

Besides high interest rates, a long list of worries is also tugging at Wall Street. The most immediate is the threat of another U.S. government shutdown as Capitol Hill threatens another stalemate that would shut off federal services across the country.

Wall Street has dealt with such shutdowns in the past, and stocks have historically been turbulent in the runup to them, according to Lori Calvasina, strategist at RBC Capital Markets.

After looking at the seven shutdowns that lasted 10 days or more since the 1970s, she found the S&P 500 dropped an average of roughly 10% in the three months heading into them. Stocks managed to hold up rather well during the shutdowns, falling an average of just 0.2%, before rebounding meaningfully afterward.

Besides the threats of higher interest rates for longer and a possible federal shutdown, Wall Street is also contending with higher oil prices, shaky economies around the world, a strike by U.S. auto workers that could put more upward pressure on inflation and a resumption of U.S. student-loan repayments that could dent spending by households.

On Wall Street, the vast majority of stocks were falling, including 85% of those within the S&P 500.

Big Tech stocks were the heaviest weights on the market. They tend to be among the hardest hit by high rates, andApple and Microsoft both slipped 0.9%.

Cintas dropped 2.8% for one of the larger losses in the S&P 500. The provider of employee uniforms, mops, fire extinguishers and other services reported stronger profit for its latest quarter than analysts expected. It also raised its forecasts for revenue and profit for the full fiscal year, but still within a range that many analysts earlier expected.

Stocks were also falling in markets abroad, with indexes lower across Asia and much of Europe.

Japan’s Nikkei 225 fell 1.1%, South Korea’s Kospi dropped 1.3% and Hong Kong’s Hang Seng lost 1.5%.

In China, concerns continued over heavily indebted real estate developer Evergrande. The property market crisis there is dragging on China’s economic growth and raising worries about financial instability.

France’s CAC 40 fell 0.8%, Germany’s DAX lost 0.8% and the FTSE 100 in London was an outlier with a 0.2% gain.

Crude oil prices were mixed after charging higher through the summer and adding to worries about inflation. A barrel of benchmark U.S. crude gained 0.1%, to $89.76. Brent crude, the international standard, was down 0.2%, to $91.74 per barrel.