Market Volatility: Stocks Retreat as Yields and Oil Prices Surge

Stocks gave up early gains as yields and oil prices continued to rise, following several days of steep losses driven by concerns about the impact of higher interest rates on the US economy. The S&P 500 fell 0.1%, the Dow Jones dropped 0.3%, and the Nasdaq slipped 0.1%. The recent surge in yields has weighed on risk markets like stocks. Additionally, the prospect of a US government shutdown is causing further unease among investors as the deadline for a budget deal approaches.