Oil surge and higher yields drag U.S. stocks as US-Iran tensions escalate

U.S. stocks fell as Brent crude jumped toward $90 a barrel amid renewed US-Iran tensions, with the Dow, S&P 500, and Nasdaq all lower while Treasury yields climbed, sending the 30-year yield to about 5.31%—its highest since 2007. Investors also weighed geopolitical risk, comments from President Trump on the Strait of Hormuz, and awaited the Fed’s next move alongside a busy slate of retail earnings.