Wall Street dips as oil spikes and benchmark Treasury yields breach 5% - Reuters — SkimNews
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- US stocks closed broadly lower as the 10-year Treasury yield breached 5%, hitting a 19-year high
- Crude oil topped $106 per barrel, with the simultaneous surge in bond yields and energy prices fueling pre-Fed jitters across equity markets
Why it matters: A dual shock — surging oil above $106 and benchmark yields at their highest in nearly two decades — landed the same day investors were already on edge ahead of the Fed meeting, amplifying the sell-off across equities.
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