US Stocks Slide as Bond Selloff Deepens
US stock indices closed lower on Monday as the standoff between the US and Iran fueled oil-market volatility and dragged down bonds. The S&P 500 fell 0.8%, the Dow shed 347 points, and the Nasdaq lost 1.1%. The renewed oil rally stoked concerns that rising inflationary pressures could trigger further Fed rate hikes. Th