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Stock Market Falls Amid Treasury Surge
The main U.S. stock indices declined today, Thursday, due to rising Treasury bond yields, which led to a reduction in risk appetite. Additionally, weak results from Walmart stores impacted investor confidence in the consumer sector. The increase in oil prices also raised inflation concerns. The S&P 500 index closed down by 0.85%, while the Nasdaq fell by 1%, and the Dow Jones dropped by 1.27%. Moreover, statements from the U.S. Treasury Secretary about the possibility of increasing Treasury bond buybacks contributed to a rebound in yields after a temporary decline.
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