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Oil Soars, Yields Rise as Markets Wobble | Business and Finance News
Description
Stocks are stuck in neutral after a brutal Wall Street day, with tech leading the slide as oil rockets past $90—its highest since late July—fueling fears of Middle East escalation. U.S. Treasury yields hit a 2025 peak, triggering global selloff jitters and forcing stocks into deeper discounting. Asian markets open lower too. Watch for ADP payroll data, factory reports, and the Fed’s Beige Book Wednesday—and don’t miss HP Enterprise and Snowflake’s earnings. Geopolitics + economic uncertainty = market turbulence ahead.
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