Wall Street slips as oil and yields rise
Wall Street indexes dropped as escalating Middle East tensions lifted oil prices and Treasury yields. Investors also monitored a US-China summit at the White House.
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United States equities fell during Thursday morning trade, with the Dow Jones Industrial Average hitting a three-month low as Middle East tensions lifted oil prices. The pullback follows rising geopolitical friction and a leadership summit between Washington and Beijing. Investors are recalibrating interest rate expectations as inflation concerns pressure Treasury yields.
