US stocks: US market ends down as oil prices, Treasury yields rise

In a turbulent day for Wall Street, the markets faced declines primarily driven by disappointing performances from Alphabet and Amazon, compounded by increasing Treasury yields. Meanwhile, a spike in oil prices ensued following Iran’s President’s remarks at the UN, impacting overall market sentiment. Despite this, US business activity surged to remarkable levels, raising speculation about possible interest rate hikes by the Federal Reserve.

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