Wall Street Falls as Rising Yields and Oil Prices Open September in the Red
📉 MARKETS — September opens with oil and yields moving in the same direction, which almost never ends well. 📌 LOOK CLOSER: Rising oil and yields together compress equity valuations from both ends — higher input costs hit earnings while higher discount rates shrink multiples. With Ahvaz struck and IRGC drone hangars burning in Jordan, the market is pricing in a sustained campaign, not a single shock. European indices open into this tomorrow.
