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S&P 500 drops on bond and oil rise
The Standard & Poor's 500 index continued its decline today, influenced by rising Treasury yields and surging oil prices, amid ongoing concerns about inflation. The 30-year Treasury bond yields reached their highest level since June 2007, reflecting escalating tensions in global financial markets. Meanwhile, the Nasdaq index fell by 1.1%, with semiconductor stocks such as Sandisk and Marvel Technology dropping over 5-6%. The Dow Jones Industrial Average was supported by strong earnings from Home Depot, which rose by 1%. Experts expect the continued increase in bond yields to be linked to rising oil prices, which have exceeded $85 per barrel, amidst declining negotiations between Iran and the United States. President Trump insists there are currently no talks, accompanied by threats of further escalation in the region.
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