US stocks slumped on the first trading day of September, with the Nasdaq down 1.3%, the S&P 500 and Dow down 0.7%, weighed by surging Treasury yields and oil prices.
Global bond sell-off deepened: The US 10-year yield hit its highest since January 2025, while Japan's 10-year yield touched levels not seen since 1996, signaling broad-based borrowing cost pressure.
Brent crude surged past $92/barrel, stoking inflation fears and adding to pressure on...
