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Stocks cautious in Asia as oil gains, yields rise
- U.S. Treasury yields rose as oil prices climbed amid geopolitical tensions involving Iran and uncertainty over the Strait of Hormuz.
- The 10-year U.S. Treasury yield increased eight basis points to 5.26%, its highest level since 2002, while Brent crude rose 3% to about $107 a barrel.
- U.S. stocks fell as investors assessed higher interest rates, weak demand at recent Treasury auctions, inflation concerns, and uncertainty over the U.S.-Iran conflict.
- Investors awaited inflation and jobs data that could influence expectations for Federal Reserve policy.
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Rutland HeraldReposted by 
Idaho State Journal
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U.S. stocks are holding relatively steady following the latest yo-yo moves for oil prices. The S&P 500 ticked up by 0.2% Monday and pulled within 0.8% of its all-time high set during the summer. The Dow Jones Industrial Average fell…
Coverage Details
Total News Sources446
Leaning Left51Leaning Right48Center104Last UpdatedBias Distribution51% Center
Bias Distribution
- 51% of the sources are Center
51% Center
L 25%
C 51%
R 24%
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