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Wall Street slides after Treasury yields climb back above 4% and oil rises

Summary by Ground News
U.S. stocks slid Monday after Treasury yields hit their highest levels since the summer and oil prices continued to climb. The S&P 500 dropped 1%, though it’s still close to its all-time high set a week earlier. The Dow Jones Industrial Average fell 398 points, or 0.9%, coming off its own record, while the Nasdaq composite sank 1.2%.

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Wall Street slides after Treasury yields climb back above 4% and oil rises

Traders are ratcheting back forecasts for how deeply the Federal Reserve will cut its main interest rates.

·New York, United States
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Stock market today: Wall Street slips under the weight of Treasury yields back above 4%

NEW YORK (AP) — Stocks are slipping in early trading on Wall Street as pressure rises from the bond market, where Treasury yields hit their highest levels since the summer. The S&P 500 fell 0.

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CNBC broke the news in United States on Monday, October 7, 2024.
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