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US stocks fall on bond yields inflation
The major U.S. stocks declined, with Treasury yields rising to their highest levels in two decades, due to concerns over ongoing inflation and rising oil prices. The 30-year U.S. Treasury bonds reached their highest level in 19 years, while yields on Japanese, German, and French bonds increased to multi-year records, amid worries about persistent oil price hikes resulting from stalled negotiations between Iran and the United States. The market is focused on strong corporate earnings and developments in artificial intelligence despite pressures, amid deteriorating hopes of resolving the crisis in the Middle East.
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