Wall Street Stumbles on Inflation Fears and Iran War Escalation

Wall Street closed sharply lower on Tuesday, September 1, as a potent cocktail of rising bond yields, surging oil prices, and renewed U.S.-Iran conflict spooked investors. The S&P 500 fell 0.65% and the tech-heavy Nasdaq dropped 0.86%, marking a volatile start to the historically weak month of September. The Dow Jones Industrial Average had already shed over 370 points on Monday.

The Bond Market's Warning

The 10-year Treasury yield surged to its highest level since...