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Reuters market wrap says U.S. indexes were mixed, with the Nasdaq down about 0.9% and the S&P 500’s communication services sector weakest. It also noted the U.S. 10-year Treasury yield rose to about 5.26%, while Bitcoin fell more than 1% and gold slid about 4%.
Main US indexes red; Nasdaq off >1% Comm Svcs weakest S&P 500 sector; energy leads gainers Euro STOXX 600 Index up ~0.3% Dollar gains; US crude up >3.5%; bitcoin down ~1,5%; gold slides ~4% US 10-year Treasury yield rises to ~5.26% Welcome to the home for real-time coverage of markets brought to you by Reuters reporter
DIESEL DAZE: INFLATION PRESSURES, EXPORT BANS, AND MIDTERMSThe Iran war has sent US crude prices NYMEX:CL1! skyrocketing since US-Israeli airstrikes marked the war's opening salvo on February 28. Those upward price pressures have provoked Warsh & Co to implement at least one rate hike so far, with…