Wall Street falls as oil jumps and Treasury yields top 5pct
Wall Street extended losses as rising crude prices and climbing Treasury yields weighed on markets. Investors awaited the Federal Reserve rate decision amid inflation concerns.
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Wall Street equities fell across major indexes on Tuesday afternoon as benchmark United States Treasury yields breached 5% alongside soaring crude prices. The S&P 500 lost 34.25 points to settle at 7,585.73. Broad risk-off sentiment gripped trading desks as investors prepared for expected Federal Reserve interest rate hikes.
