Finance

Wall Street benchmarks suffered notable losses following the central bank's policy shift, with the Dow Jones Industrial Average sinking over 600 points. The tech-heavy Nasdaq Composite and the broader S&P 500 similarly retreated into negative territory, weighed down by escalating yields and investor anxiety over future macroeconomic policy.

The 10-year U.S. Treasury yield surged past 5%, touching its highest level in nearly two decades as bond prices fell. The sharp upward movement tracks a concurrent rise in global oil benchmarks, where Brent crude and WTI futures have remained stubbornly above $100 per barrel due to supply disruptions.

Digital assets experienced sharp declines after a procedural vote to advance the CLARITY Act, a prominent crypto regulatory framework, failed to clear the U.S. Senate. Bitcoin fell down to the $75,000 threshold, while other major tokens like Ethereum and XRP experienced deeper single-day percentage losses.