Wall Street Falls Amid Oil Rebound and Middle East Tensions
Wall Street stocks declined as oil prices rebounded and tensions in the Middle East simmered. Rising oil prices fueled expectations of Federal Reserve interest rate hikes, causing yields to shoot higher. The Nasdaq retreated sharply from record highs, with profit booking observed at the Nasdaq 100. Treasury yields reached their highest level since 2007, impacting stock and bond markets.
Reuters·18h ago




