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S&P 500 Drops as Treasury Yields Surge and Crude Oil Breaks $100

CNBC TV18 Read original source (opens in a new tab)
The Story

News Summary

  • Wall Street dropped as global bond yields surged, with the US 10-year reaching 4.96% and 30-year near 5.4%.
  • Spiking oil prices, with Brent above $107 on geopolitical tensions, combined with a 72% probability of a Fed rate hike next week, intensified equity market selling pressure.
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104.61 +64.07% over the displayed period

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