Surging oil prices, higher bond yields weigh on stocks
NEW YORK -- Oil prices jumped above $100 a barrel on Thursday as Yemeni rebels, led by Houthis, took control of a critical port in the Red Sea. Long-term US Treasury bond yields reached multi-year highs, while major Wall Street indices closed lower, with the S&P 500 falling 0.6%. Angelo Kourkafas from Edward Jones said the combination of surging oil prices and rising bond yields is weighing on investor sentiment during a typically challenging time for stocks.
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- Surging oil prices, higher bond yields weigh on stocks bangkokpost.com
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- Surging oil prices, higher bond yields weigh on stocks news.rthk.hk
