Wall Street Stocks Slide as Oil and Yields Rise
U.S. stocks fell on Tuesday as a global bond selloff deepened and crude prices spiked due to rising Middle East tensions. Higher yields and inflation fears fueled expectations of a hawkish Federal Reserve rate hike.
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United States stocks fell on Tuesday as sovereign bond yields rose and Brent Crude Oil prices spiked, pushing the Dow Jones Industrial Average down 418.97 points to 52,766.93. The broad market decline marked a shaky start to September, historically the weakest month for domestic equities. Rising geopolitical tensions drove the selloff as investors priced in tighter monetary policy.
