Quartz·2 min read·medium
Stocks pressured as US-Iran ceasefire collapses, oil climbs
✦AI Summary
Stock markets are facing downward pressure as geopolitical tensions between the US and Iran escalate following a ceasefire collapse. Rising oil prices and high Treasury yields are further dampening investor sentiment.
The 30-year Treasury yield hit its highest level since 2007 as oil climbed and chip stocks dragged Nasdaq futures lower
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