Wall Street Falls as Treasury Yields Hit Multi-Year Highs
Stocks fell as inflation fears pushed 30-year bond yields to their highest since 2007. Markets now await Nvidia earnings and Federal Reserve policy minutes.
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United States equities fell Tuesday as inflation fears pushed 30-year bond yields to 5.20%, the highest level since 2007. The S&P 500 and Dow dropped 0.7% while the Nasdaq fell 0.8% ahead of critical chipmaker earnings. Rising rates threaten the valuation of AI leaders despite record revenue growth and sector dominance.
