U.S. stocks fall as oil tops $100 and bond yields hit 2007 high

U.S. stocks fell Monday as rising oil prices and surging bond yields pushed the market further from its record high, with the S&P 500 dropping 0.8 percent and the Dow down 372 points. Brent crude rose 2.8 percent to $100.19 per barrel after President Donald Trump rejected an Iranian offer to reopen the Strait of Hormuz, while the 10-year Treasury yield jumped to 5.26 percent, its highest level since 2007. Airline stocks like American and United fell sharply, and gold miners dropped as bullion prices sank 3.9 percent. Nvidia rose 2 percent after announcing a $150 billion stock buyback, but losses at MongoDB, which fell 18.5 percent on a CEO departure, outweighed gains. Brent remains well above its pre-war price of $72, with average U.S. gasoline now near $4.48 per gallon.