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US stocks steady as oil and bond yields pause
Wall Street experienced stability in the performance of US stock indices, alongside steady oil prices and Treasury bond yields, allowing markets to catch their breath after sharp volatility in September. The S&P 500 index rose slightly by 0.1% to reach 7,694 points, the Nasdaq Composite increased by 0.3%, while the Dow Jones Industrial Average declined by 0.1%. Markets declined after the yield on the 10-year Treasury bond rose to its highest level in 19 years, and the 30-year Treasury yield reached an unprecedented high since 2004, driven by concerns over the potential tightening of monetary policy amid Iran's escalation in the Strait of Hormuz. Investors are now focused on upcoming US employment data and Federal Reserve statements regarding interest rates.
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