S&P 500 fell 0.79% and Nasdaq dropped 1.55% as Treasury yields surged on rising oil prices and geopolitical tensions, dimming Fed rate cut expectations.

The S&P 500 Index is down 60.05 points or 0.79% today to 7515.34

The S&P 500 lost 0.79 per cent, while the Nasdaq Composite lost 1.55 per cent, to 25,873.18. Read more at straitstimes.com. Read more at straitstimes.com.