US stocks retreat as Wall Street reacts to renewed inflation concerns, driven by high oil prices and rising bond yields. Learn why the market is down.

Wall Street closed lower as rising U.S. Treasury yields and persistent inflation fears pressured equities, with the Nasdaq leading losses. Elevated oil prices amid Iran tensions…

The Dow Jones Industrial Average fell 322.24 points, or 0.65 per cent, to 49,363.88. Read more at straitstimes.com. Read more at straitstimes.com.