Stock market today: Dow, S&P 500, Nasdaq futures fall as inflation, Fed rate-hike fears persist
US stocks declined on Tuesday, following fresh US airstrikes on Iran and a decline in oil prices. The Dow Jones Industrial Average slipped nearly 0.8%, while the S&P 500 and Nasdaq Composite both lost around 0.7%. The decline was driven by bond market sell-offs and speculation about the Federal Reserve's next interest rate move, which kept buyers on the sidelines.
US bond yields continued to rise, with the 10-year yield hitting its highest level since January 2025. The fear of higher interest rates and volatile oil prices has given investors reason to worry, especially as September is typically a weaker month for stocks. Brent crude prices crossed the $95 per barrel mark, signaling a potential escalation in tensions between the US and Iran.
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