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Wall Street closes lower as Nasdaq falls 1.3% and S&P 500 loses 0.7%, pressured by surging Treasury yields and rising oil prices
Wall Street closed lower, with technology stocks particularly affected as rising oil prices and Middle East tensions pushed Treasury yields sharply higher. Semiconductors led declines due to higher yields weighing on AI-related valuations. Investors rotated toward healthcare, consumer staples, and energy, indicating increased defensive positioning.
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