Stocks push to fresh highs yet face yield-driven hurdles
U.S. stocks extended an eight-week streak toward record territory as solid earnings and AI optimism support the market, but Treasury yields rose to their highest in a year amid inflation concerns tied to oil near multi-year highs and a closed Strait of Hormuz. Higher yields raise borrowing costs and could weigh on consumer spending, with gains still concentrated in tech/AI names and traders awaiting clues on inflation and possible Fed action later in the year.
