S&P 500 ends down as Treasury yields rise and traders fret about inflation

US stocks today: US stocks end lower as rising oil, Treasury yields lift Fed hike bets

S&P 500 falls 0.58% with Brent crude up 6% to $107; Fed rate-hike odds jump to 70% next week as Treasury yields climb. Rising Treasury yields compress tech valuations and capex returns; stagflation signals shift IT budgets toward efficiency and lower-risk infrastructure.