Oil jumps and Treasury yields rise as stocks slip
Stocks trade near session lows, pressured by rising oil prices and Treasury yields; energy and consumer staples outperform while tech lags.
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04:07:17 PM UTC
SquawkNews
By Gertrude Chavez-DreyfussUS Treasuries weakened on Thursday, pushing yields higher for a second consecutive session, as rising oil prices fueled inflation concerns and investors eyed a 30-year bond auction for fresh clues on appetite for long-term debt.In late morning trading, the benchmark 10-ye…
5%) are near session lows just before midday as tech stocks lag while upward pressure on oil prices and Treasury yields weighs on the broader market. Selling pressure is relatively broad this morning, with decliners outpacing advancers by more than 2-to-1 on both the NYSE and Nasdaq. 0% following yesterday's rally. 3%.
98 per barrel amid escalating attacks on tankers in the Strait of Hormuz and President Trump's comments suggesting that a deal with Iran is not a priority. 5%) also outperforms as investors favor defensive stocks. 0%. com