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Wall Street dips as yields and oil rise
U.S. stock indices declined at the opening of today's trading on Tuesday due to rising bond yields and oil prices. The Dow Jones Industrial Average dropped by about 102 points (0.19%), and the S&P 500 fell by 50.7 points (0.66%), while the Nasdaq suffered the largest loss of 1.29%, with continued pressure on the technology and growth sectors. This decline comes amid concerns that rising energy prices could fuel inflation, potentially prompting the Federal Reserve to tighten monetary policy. Investors are also awaiting new U.S. economic data to assess the trajectory of interest rates.
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