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Commodities

Stocks Fall Amid Oil Price Rise and Bond Yield Surge

Guavy AI Editorial Team
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Oil
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US stocks extended their slide today as the global bond selloff deepened and crude prices resumed their climb amid dimming hopes for a near-term solution to the US-Israeli war with Iran.

The Dow Jones Industrial Average fell 431.78 points, or 0.81%, to 52,754.13, while the S&P 500 lost 52.88 points, or 0.69%, to 7,633.26 and the Nasdaq Composite gave up 256.93 points, or 0.97%, to 26,113.77.

Global sovereign debt yields rose to multi-year highs as markets increased their bets that central banks will need to hasten their interest rate hikes.

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