US stocks drop after oil prices and bond yields crank higher
US stock prices fell on Monday as oil prices and bond yields both rose significantly. The increases followed President Trump's rejection of an Iranian ceasefire proposal. Bond yields reached their highest levels in roughly two decades, with the 10-year Treasury yield climbing above 5.2%, which further pressured stocks downward and pulled them away from recent record highs.
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The story so far
3 developments- Sep 28Only center coverage:US stocks drop after oil prices and bond yields crank higher
- Sep 28Dow drops 377 points as oil, Treasury yields keep climbing
- Sep 28Bond yields crank higher and pull US stocks further from their record
Who covered each development
The bigger story
Left
2 viewpointsBond yields crank higher and pull US stocks further from their record
Stocks fall, oil rises and bond yields surge as geopolitics keeps markets on edge
US stocks drop after oil prices and bond yields crank higher
Center
4 viewpointsBond yields crank higher and undercut US stocks as uncertainty drags on about the Strait of Hormuz
US stocks drop after oil prices climb and the bond market cranks the pressure to new heights
Right
1 viewpointBond yields crank higher and pull U.S. stocks further from their record
Stock Market Today: Dow Falls As Trump Rejects Iran's Proposal; Oil Prices, Treasury Yields Jump (Live Coverage)