Stock futures are little changed as traders eye rising oil prices and rates: Live updates - CNBC
U.S. stock markets declined on Tuesday as investors reacted to rising Treasury yields and surging oil prices. Concerns over the U.S.-Iran conflict and the upcoming Federal Reserve policy decision contributed to the market's downward pressure.
Why it matters
Rising yields and energy costs are key indicators of economic instability that directly impact consumer borrowing costs and corporate profitability.
Stocks fell on Tuesday as traders looked ahead to the Federal Reserve 's policy decision this week — which could send ripples through the economy — and as Treasury yields surged to multiyear highs.
The Dow Jones Industrial Average lost 328.09 points, or 0.63% to close at 52,093.11. The S&P 500 fell 0.45% to end at 7,585.73, while the Nasdaq Composite dropped 0.78% and settled at 25,981.57.
Losses in the S&P 500 and Nasdaq were mitigated by gains in a number of stocks connected to artificial intelligence, which were under pressure in the prior trading day. Coherent added nearly 2%, while Advanced Micro Devices gained 2%. Qualcomm advanced more than 4%.
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