Bond yields hit multi-year highs; oil tops $100
Global bond yields reached fresh multi-year highs and oil prices rose above $100 a barrel, pressuring stocks amid supply fears.
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U.S. stocks slide as oil tops $100 and yields hit highs
U.S. equities fell at midday Wednesday as Brent crude topped $100 a barrel and the 10-year Treasury yield climbed to a three-year high, reviving inflation and rate-hike concerns. Energy was the only S&P 500 sector in positive territory.