New York Stocks Fall as Bond Yields Jump and US-China Summit Ends Empty-Handed

New York stocks declined as bond yields surged and the US-China summit ended without clear achievements. Investors focused on the pressure that rising yields placed on equities, while also noting the lack of concrete results from talks between the US and Chinese leaders. The tech-heavy Nasdaq fell 1.5%, showing weakness in growth and technology shares. Higher bond yields were cited as a burden for those stocks, and uncertainty over US-China relations also weighed on market sentiment. Markets are expected to watch the direction of yields and any further signals from US-China negotiations. Source: hankyung.com