Market sentiment soured as energy inflation and geopolitical tensions drove bond yields to multi-year highs, triggering a broad sell-off in technology and mining stocks.
Cooper Cos plunges 16% after missing Q3 sales estimates and cutting full-year revenue guidance.
WTI crude futures soar to 3.5-month high on escalating US-Iran conflict fears and Saudi output cuts.
Freeport-McMoRan tumbles over 7% as copper prices sink on uncertain tariff policy.
Nvidia falls over 2%, leading Dow losses amid chip sector weakness and market rotation.
Nasdaq 100 ETF drops nearly 1% as chipmakers and AI infrastructure stocks slide.
Southern Copper drops more than 6% amid a broader rout in copper mining stocks.
Centene jumps over 5%, leading S&P 500 gainers as defensive healthcare stocks rally.
10-year T-note futures drop as higher crude boosts inflation expectations and PPI exceeds forecasts.
S&P 500 ETF falls as broader market slides on rising yields and crude prices.
Dow Jones ETF declines to 5-week low amid trade war fears and energy inflation.
Major US equity indices hit 5-week lows as soaring WTI crude prices and hotter-than-expected PPI data fuel inflation concerns. The 10-year T-note yield reached a 2.75-year high of 4.92%, pressuring tech and chipmakers, while defensive healthcare stocks provided a rare bright spot in an otherwise bearish market session.
Stocks are declining due to a combination of surging energy prices, rising global bond yields, and persistent inflation signals from the latest PPI report.
Copper stocks like Freeport-McMoRan and Southern Copper are tumbling due to falling copper prices and uncertainty surrounding potential US tariff policies.