US indexes reverse lower on worries of Israel-Iran escalation and spiking Treasury yields
Written by Black Hot Fire Network on April 16, 2024
Andrew Kelly/Reuters
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US stocks fell on Monday as investors worried about an escalation of the Israel-Iran conflict.
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The risk-off nature of Monday's market action sent the 10-Year Treasury yield to its highest level of 2024.
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March retail sales data surged 0.7%, more than double consensus estimates of 0.3%.
US stocks reversed their Monday morning gains and finished the day considerably lower as investors worried . . .
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