Finance

Bond yields advanced broadly, with the 30-year Treasury yield surging to its highest level since 2002. This sharp bond market selloff has renewed valuation concerns across Wall Street, offsetting recent relief and dampening investor enthusiasm for non-technology sectors.

Global energy markets remain highly volatile as Brent crude hovers around the $100 per barrel mark. Persistent supply disruptions stemming from geopolitical friction in the Middle East are fueling fears that inflation may remain sticky, potentially altering the Federal Reserve's monetary policy path.

Market participants are closely examining the macroeconomic environment as they await the release of the central bank's September meeting minutes. Traders are seeking clarity on the internal debate among policymakers regarding future interest rate paths, especially with a wider trade deficit highlighting resilient domestic economic activity.