US stocks fall amid rising bonds and oil
U.S. stocks on Wall Street declined due to rising Treasury yields and oil prices, with 10-year Treasury yields reaching their highest level since 2002 at 5.331%. Oil prices increased by 4% following statements related to tensions in the Middle East, adding pressure on sectors sensitive to rising borrowing costs such as banks and technology. There are concerns about persistent inflation and the possibility of interest rate hikes again. Despite this, investors remain optimistic thanks to favorable earnings season forecasts.
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