Pressure builds anew in the bond market as Walmart drags the U.S. stock market lower
A rise in oil prices on Thursday is sending worries about inflation and yields in the bond market higher, erasing some of the relief the U.S. Treasury Department created the day before. A drop for Walmart following its latest profit report helped drag the U.S. stock market lower.
TL;DR
- Oil prices increased on Thursday, heightening inflation and bond yield concerns.
- The rise in oil prices negated some of the relief provided by the U.S. Treasury Department.
- Walmart's stock fell following its latest profit report.
- The drop in Walmart's stock contributed to a lower U.S. stock market.