US Stocks Fell as Hot Inflation Lifted Bond Yields
US stocks fell on Tuesday after unexpectedly hot inflation drove bond yields higher and strengthened expectations for faster interest-rate increases. The move outweighed oil’s decline to a two-month low.
By Jamie McGeeverUS stocks bucked the global trend and fell on Tuesday, after another bout of surprisingly hot US inflation sparked a surge in bond yields and stoked expectations that interest rates might rise more quickly than envisaged.This offset the decline in oil prices to a two-month low, and…