S&P 500 and Nasdaq Pull Back as Oil, Treasury Yields Rise U.S. stocks retreated from record levels as oil prices and Treasury yields rebounded, putting pressure on the S...
U.S. stocks retreated from record levels as oil prices and Treasury yields rebounded, putting pressure on the S&P 500 and Nasdaq.
The S&P 500 and Nasdaq both declined after recently reaching records. The pullback came alongside renewed strength in oil prices and higher Treasury yields.
The moves in energy and government bond markets were the key developments accompanying the retreat in major U.S. stock indexes. A rebound in oil and Treasury yields shaped the session as equities moved lower.
The decline marks a pause for the S&P 500 and Nasdaq after their record performance. The available information does not indicate how long the pullback will last or what direction markets will take next.
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