NEW YORK, July 8 (Reuters) - U.S. stocks pared losses on Wednesday after an auction of reopened 10-year Treasury notes drew strong demand.
Strong demand for Treasury bonds eases concerns about the U.S. government's ability to finance spending.
The Dow Jones industrial average fell 28.04 points, or 0.34 percent, to 8,135.56. The Standard & Poor's 500 Index slipped 6.50 points, or 0.74 percent, to 874.53. The Nasdaq Composite Index lost 9.91 points, or 0.57 percent, to 1,736.26.
The S&P and Nasdaq had earlier fallen more than 1 percent each. (Reporting by Rodrigo Campos; Editing by Leslie Adler)