Stocks fall as oil and Treasury yields rise after Trump supports diesel ban

  • Stocks declined after President Trump supported a U.S. diesel export ban.
  • 10-year Treasury yields reached 4.99% as November Brent neared $100 per barrel.
  • Investors await U.S.-China meetings, including a Thursday meeting with Chinese President Xi Jinping.

U.S. stocks declined on Wednesday as oil prices edged higher and Treasury yields climbed after President Trump said he would support a U.S. diesel export ban. The 10-year Treasury yield rose to 4.99%, while November Brent futures moved back toward $100 a barrel, renewing concerns that energy costs could keep inflation elevated. Investors are awaiting key U.S.-China meetings this week, including a capstone meeting with Chinese President Xi Jinping expected in Washington on Thursday. The Nasdaq Composite pulled back after two consecutive record highs, and the technology sector also slipped. Meta extended its gains during a sharp weekly rally fueled by enthusiasm for Muse, the company’s new AI agent (software designed to perform tasks autonomously). AMD shares declined after the chipmaker passed a $1 trillion valuation earlier in the week. Bitcoin fell 1% but remained above $85,000 after a strong rally in recent sessions. IonQ, Alibaba and General Mills were among the other stocks drawing attention from Yahoo Finance readers.

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Stocks fall as oil and Treasury yields rise after Trump supports diesel ban - CoinPost Terminal