US Stock Market Today: Wall Street Drops Again as Rising Oil and Treasury Yields Hit Risk Appetite
US stocks fell on Friday as higher oil prices and rising Treasury yields pushed investors away from risk assets, with the NASDAQ 100 moving into correction territory. The S&P 500 headed for its fifth straight weekly loss, while Brent crude climbed near $111 a barrel due to the ongoing conflict in the Middle East.
US stocks declined on Friday due to rising oil prices and Treasury yields. The NASDAQ 100 fell into correction territory, losing over 10% from its October peak. The S&P 500 and Dow Jones Industrial Average also dropped. Brent crude rose near $111 a barrel amid the Middle East conflict. Higher yields reduced demand for stocks, making bonds more attractive. The conflict in the Middle East continued to affect markets, with Iran and Israel exchanging missile fire. The US stock market extended its decline, with the Stoxx Europe 600 also falling. The yield on the 10-year US Treasury stayed near 4.42%, affecting borrowing costs for companies.
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