US stocks close lower

US Stocks Close Lower

US stocks experienced a third consecutive day of losses on Wednesday, as rising oil prices and higher Treasury yields intensified inflation fears. Here are the key highlights:

• Market Performance:

  • S&P 500: Down 36.36 points (0.47%) to 7,637.16
  • Nasdaq Composite: Fell 164.77 points (0.62%) to 26,256.64
  • Dow Jones Industrial Average: Dropped 403.65 points (0.76%) to 52,382.42

• Driving Factors:

  • Oil Prices: Climbed above $100 per barrel.
  • Treasury Yields: Rose ahead of critical inflation data expected later in the week.
  • Tech Giants: Apple shares declined.

• Related News:

  • Oil prices continued their upward trend, reaching a new benchmark.
  • The OECD reported on the stability of global oil supplies.
  • Other international events and economic updates were also in the spotlight.