Economic TimesLean R·
US stocks: US markets fall as higher yields and oil prices flag inflation risk
US stocks fell as crude oil prices surged and Treasury yields remained high, raising inflation concerns. Major companies like Amazon, Tesla, and Nvidia experienced losses, contributing to a broader decline in the technology sector. Investors are now focused on upcoming third-quarter earnings reports, particularly from financial institutions. The Federal Reserve is expected to keep interest rates unchanged in October, while considering future hikes.
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