Indices Track Lower Amid Inflation Fears and Bond Selloff

Investors have been selling off U.S. government bonds in a worldwide selloff, contributing to a decline in indices for the third straight session. The selling pressure has also led to higher Treasury yields as bond prices drop.

The Dow Jones Industrial Average and other major indices are tracking lower, with some analysts attributing the decline to inflation fears and profit-taking. This comes amidst escalating tensions in the Middle East and a spike in crude oil prices.

One bright spot is Home Depot, which reported earnings that rose due to an increase in smaller projects taking precedence.