The S&P 500 Index ($SPX) (SPY) Wednesday closed down -0.95%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -1.09%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -0.87%. Stock indexes Wednesday sold off, with the S&P 500 posting a 3-week low and the Dow Jones Industrials posting a 1-3/4 month low. A surge in T-note yields Wednesday weighed on stocks after US March CPI came in hotter than expected for a third straight month, bolstering expectations the Fed will be in no hurry to cut interest rates. Fed swaps prices have now priced in only 50 bp of rate cuts this year, less than …