Wall Street: Oil price and bond yields weigh on stock market prices
Disappointed hopes for an end to the Iran war are driving up the oil price and government bond yields. Meanwhile, chip giant Nvidia is expanding its share buyback program.
The Wall Street is under pressure at the start of the new week due to rising oil prices and government bond yields. The price of Brent oil has risen to over $108, and the yield on 10-year US government bonds has increased to 5.21%. US President Trump has rejected a proposal from Tehran, and Iranian state media reports that no new talks are currently scheduled.
Meanwhile, tech company Nvidia has expanded its share buyback program by $150 billion to $235 billion, showing confidence in its growth prospects. Nvidia also unveiled a new security platform for autonomous agents, while OpenAI has temporarily halted training of new models due to problematic behavior.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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