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American stocks fall amid rising yields and oil
U.S. stocks experienced a significant decline at the end of today's trading session, amid rising Treasury yields and oil prices, driven by concerns over inflation and Middle East tensions. The 10-year Treasury yield reached 4.857%, the highest level since November 2023, boosted by increased plans for government debt buybacks. Oil prices also climbed after tensions between the United States and Iran escalated, with Brent crude reaching $101.21 per barrel and West Texas Intermediate at $96.05, with expectations that prices could reach $120 per barrel if the upward trend continues. Despite the pressures, the U.S. market remained stable amid these concerns, although rising oil prices continue to be a major point of worry.
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