Wall Street falls as oil and bond yields rise; Nasdaq drops nearly 1%

Wall Street closed lower on Monday, pressured by rising oil prices and higher US bond yields, with the Nasdaq falling nearly 1%. The moves followed President Trump's rejection of an Iranian proposal, which spiked crude prices and fueled inflation concerns, while weak employment data raised expectations of a Fed rate hike in October. The Dow fell 0.67%, the S&P 500 dropped 0.77%, and the Nasdaq lost 0.92%. Nvidia gained 1.6% on a $150 billion buyback plan, but Boeing fell 6.9% on a 737 MAX 10 certification delay, and Tesla dropped 3.9% after JPMorgan cut its price target.