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Market Impact: 0.55
Major Averages Shed Ground As Geopolitical Uncertainty, Rate Concerns Weigh
Source: Nasdaq
Interest Rates & YieldsMonetary PolicyEnergy Markets & PricesGeopolitics & WarInvestor Sentiment & Positioning
U.S. stocks drifted lower as rising bond yields and a rebound in oil prices weakened risk appetite. Uncertainty over the reopening of the Strait of Hormuz heightened energy and geopolitical concerns, while expectations for another Federal Reserve rate hike added pressure on equities.
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Overall Sentiment
mildly negative
Sentiment Score
-0.35
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