Wall Street opens lower amid rising oil and bond yields

The major U.S. stock indices declined at the start of trading, as oil prices and Treasury yields rose due to concerns about the impact of energy costs on inflation and the economy, and as investors awaited AI-related demand. Oil prices edged up slightly after attacks targeted energy infrastructure in Saudi Arabia, threatening a slow repair process. Meanwhile, the 10-year Treasury yield reached its highest level since 2007 at 5.041%.

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