S&P 500 fell 0.7% to 7,446.87, Nasdaq down 0.9% to 26,408.83, Dow slipped 0.8% to 49,672.90 as markets reacted to lack of China breakthroughs and a steep global bond sell‑off.
U.S. 10‑year Treasury yield rose 14 basis points to 4.592% and the 30‑year hit 5.124%, its highest since June 2007, driven by surging oil prices and hotter Japanese PPI.
Brent crude jumped 3.2% to $109.10 per barrel amid the Middle East conflict, while President Trump’s China trip yielded no major trade agreements, dampening sentiment.