Wall Street slides as oil and bond yields weigh on stocks

Wall Street opened the trading week with losses as rising oil prices and higher US Treasury bond yields pressured major stock indices. The 30-year Treasury yield surpassed 5.5%, reaching 5.567%, while the 10-year yield rose to 5.247%. Brent crude closed at $105.28 per barrel, up 0.9%, and WTI rose 0.2% to $92.60. High energy costs have intensified inflation concerns, with central banks in Japan, the Eurozone, and the US recently raising interest rates. The Dow Jones fell 0.67%, the S&P 500 dropped 0.77%, and the Nasdaq declined 0.92%.