By Stephen Culp NEW YORK (Reuters) – Wall Street closed lower on Wednesday, marking the end of a multi-session rally, and Treasury yields spiked as gloomy data and downbeat corporate outlooks tossed cold water on investor risk appetite. All three major U.S. stock indexes lost ground, while the benchmark Treasury yield shot up to touch a new 14-year high. “It’s partly a pause after the rally, some concern over higher-than-expected inflation in great Britain, and some companies expressing caution about the outlook going forward,” said Peter Tuz, president of Chase Investment Counsel in Charlotte…