Commodities
Bond Market Pressure and Oil Price Fluctuations Spark Wild Swings on Wall Street
US stocks experienced significant swings on Wall Street due to pressure from the bond market and fluctuating oil prices.
A morning dip in major indexes turned into an unsteady afternoon as oil prices increased, only to ease back down before stabilizing. Meanwhile, the bond market continues to exert influence on stocks.
The highest bond yields in almost two decades are contributing to the pressure on stocks.