Stocks
Wall Street Stocks Slip on Rising Treasury Yields, Ongoing Iran Conflict
Stocks on Wall Street closed modestly lower on Tuesday as rising Treasury yields put pressure on the market.
The S&P 500 fell 0.2%, while the Dow Jones Industrial Average dropped 0.3% and the Nasdaq composite slid 0.1%.
Nvidia, the most influential stock in the market, lost 0.7% after initially gaining ground. Broadcom, however, rose 1.6%.
The increase in Treasury yields was fueled by rising oil prices, which have been driven up by the ongoing US-Iran conflict. The price of Brent crude oil fell 1.7% to settle at $96.16 a barrel.