Stocks Fall for Second Straight Session as Oil Prices Surge and 10-Year Yield Hits 19-Year High
Major U.S. stock averages closed lower on Monday, marking back-to-back losses, as rising bond yields and climbing oil prices weighed on investor sentiment, according to CNBC.
U.S. stock markets closed lower on Monday, extending losses into a second consecutive session, as investors contended with a surge in oil prices and a sharp rise in bond yields, CNBC reported.
According to the report, the yield on the 10-year Treasury note climbed to its highest level in 19 years, adding pressure on equities already under strain from higher energy costs.
CNBC said the combination of elevated bond yields and rising oil prices kept the broader market under pressure throughout the trading day, contributing to the second straight decline for major U.S. indexes.
The report did not provide specific closing figures for the major averages or detailed commentary from market analysts. CNBC did not immediately provide additional context on the factors driving the rise in oil prices or the bond market movement.
This is a developing story, and further details may emerge as trading continues.
Sources
- Stocks post back-to-back losses as oil surges, 10-year yield hits 19-year high: Live updates — CNBC — Top News
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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