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US Equities Drop as 30-Year Yields Surge and Middle East Tensions Lift Oil

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

News Summary

  • US equities tumbled led by tech as the 30-year Treasury yield hit a 19-year high.
  • Escalating geopolitical tensions in the Strait of Hormuz pushed crude oil prices higher, while gold and silver retreated alongside weak US housing data.
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