Wall Street stocks declined Tuesday as rising oil prices intensified inflation concerns and a global sell-off in government bonds pushed yields higher. The S&P 500 fell 0.7%, the Dow Jones Industrial Average dropped 299 points, or 0.6%, as of 9:33 a.m. Eastern time, and the Nasdaq composite declined 1.4%. The 10-year Treasury yield rose to 4.79%, its highest level since January 2025, while the two-year yield reached 4.35%, up from about 3.50% at the beginning of 2026. Brent crude gained 1.7% to $92 per barrel, and U.S. benchmark crude rose 2.2% to $87.67. The Federal Reserve (U.S. central bank) faces a policy trade-off between controlling inflation and supporting employment, with upcoming inflation and jobs reports potentially influencing its next interest-rate decision. European markets mostly fell, Asian markets were mixed to lower, and Shein shares closed 4% lower after falling as much as 10% in Hong Kong.