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U.S. stocks declined today amid rising Treasury bond yields and oil prices, fueling investor concerns. The Dow Jones Industrial Average fell approximately 405 points (0.8%), the S&P 500 decreased by 0.5%, and the Nasdaq dropped by 0.6%. The U.S. Treasury Department increased repurchase operations of long-term debt threefold to $6 billion, causing the yield on 10-year Treasury bonds to rise to 4.857%, the highest level since November 2023. This occurred amid expectations of higher oil prices due to tensions between the United States and Iran, along with rising inflation fears. Despite the larger buyback plan, yields continued to rise, and oil prices kept climbing, with Brent futures reaching $101.21 per barrel and West Texas Intermediate at $96.05 — the highest levels since May. This puts pressure on markets and raises investor concerns over ongoing inflation and energy prices.
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