Bearish
S&P 500 ends three-week winning streak amid rising bond yields and Middle East tensions
The S&P 500 declined by 1.43% to 7,674.37 on Friday, ending a three-week winning streak. This downturn was driven by escalating Treasury yields, which reached 5.34%, and rising oil prices, topping $93 per barrel, amid heightened U.S.-Iran tensions.
Key points
- Treasury yields climb to 5.34%, marking the highest level since 2007.
- Oil prices surge above $93 per barrel due to escalating U.S.-Iran tensions.
- Bitcoin experiences a significant rally, reaching approximately $76,210, as investors seek alternative assets.
Sources
AI-generated from public news sources. Not financial advice.
