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Stock market today: Dow, S&P 500, Nasdaq fall for fourth straight day as bond yields jump, oil stays above $100

Yahoo Finance · last updated

Stocks declined for a fourth straight day on Thursday as Treasury yields climbed and oil surged past $105 a barrel.

The Dow Jones Industrial Average (^DJI) fell 0.6%, while the S&P 500 (^GSPC) dropped 0.58%. The tech-heavy Nasdaq Composite (^IXIC) sank 0.65%.

Bonds sold off, pushing the yield on the 10-year note to its highest level since 2023. The 2-year yield also jumped, reflecting growing expectations that Federal Reserve policymakers could raise rates at their meeting next week.

On Friday, investors will get the latest monthly inflation report — a key data point the Fed will weigh in deciding its next move.

A hotter-than-expected reading could further fuel expectations for a rate hike, while an in-line or cooler reading could ease those concerns.

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