Yields Rise, Stocks Mixed as Inflation Lingers | Global News

Wall Street’s on edge as major indexes hover flat amid rising bond yields—10-year Treasuries hit 5% for the first time since last year, making borrowing costlier and weighing on stocks. Inflation stubbornly stays above 3%, fueling rate hikes from the Fed and Bank of Japan, while oil prices surge, hiking gas and shipping costs. Corporate news includes Nucor’s stock drop after missing earnings targets despite higher steel prices, Buffett stepping down as Berkshire Hathaway chairman, and tech wins like Coinbase and Robinhood. Globally, Europe falls while Asia rises, reflecting diverging economic winds.

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This is an automated, high-level news summary based on public reporting.
Sources:
https://apnews.com/article/stock-markets-oil-war-inflation-rates-1ff3311788bcc4555d00e283a57289fe

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