Wall Street Slides Amid Oil Price Rise and Bond Yield Increase
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Wall Street experienced a downturn on Monday, with the Dow Jones Industrial Average dropping 0.67% to 51,481.51 points, the S&P 500 index falling 0.77% to 7,683.69 points, and the Nasdaq Composite losing 0.92% to 26,820.38 points. The decline was attributed to a rise in oil prices, which reached over $107 per barrel for Brent crude, and an increase in US Treasury bond yields. The US rejected Iran's latest proposal, further tightening global energy supplies and exacerbating inflation concerns.
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