US Stocks Fall on Rising Yields and Oil Prices Raising Inflation Concerns
US stocks declined as crude oil prices surged and Treasury yields stayed high, increasing inflation worries. Major firms including Amazon, Tesla, and Nvidia saw losses, leading to a drop in the technology sector. Investors are now focused on upcoming Q3 earnings, especially from financial institutions. The Federal Reserve is expected to hold interest rates steady in October but may consider future hikes.
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