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US Stocks Drop as Crude Spikes Past $100 and Treasury Yields Surge

Yahoo Finance Read original source (opens in a new tab)
The Story

News Summary

  • U.S.
  • stocks fell as escalating Middle East tensions pushed Brent crude above $101 and WTI up 3.25%.
  • Long-term Treasury yields surged to multi-year highs after a $6 billion sovereign buyback disappointed traders.
  • Markets now await critical PPI and CPI prints to assess Federal Reserve rate trajectory.
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104.61 +64.07% over the displayed period

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