US stocks fall amidst rising oil and bond yields
U.S. stocks edged lower today, Wednesday, after the S&P 500 reached a new all-time high, as oil prices and U.S. Treasury yields rose to their highest levels in years. Crude oil prices climbed above $90 per barrel, while yields on 10- and 30-year Treasury bonds hit levels not seen since April and May 2002, respectively, ahead of a government auction of $39 billion in bonds. Experts commented that the market is now considered more affordable compared to its record levels, with growing profits viewed as a key factor supporting stock performance.
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