Wall Street Slides 1% Amid China, Bond Sell‑off

U.S. equities fell sharply Friday, with the S&P 500 down 1.1% to 7,419.99, Nasdaq down 1.4% to 26,260.24, and Dow down 1% to 49,549.34.
Global bond yields surged, pushing the U.S. 10‑yr yield to 4.582% (up 13 bps) and the 30‑yr to 5.114% (above 5%), while UK 30‑yr gilt hit its highest since 1998 and Japan 30‑yr JGB reached a record high.
Oil prices jumped 3.6% to $109.55 a barrel as the Middle East conflict fuels inflation fears, prompting expectations of tighter monetary policy.
President Trump’s China visit produced no major trade breakthroughs, with analysts calling the summit anticlimactic amid rising geopolitical tension over Iran.