US stocks under pressure as oil prices climb | Malay Mail

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US stocks under pressure as oil prices climb | Malay Mail
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NEW YORK, March 21 — Major US stock indices dipped early today as oil prices continued to climb and US Treasury yields rose amid the Russian war on Ukraine. Comments from Baltic states favouring an embargo on Russian oil and gas helped push crude prices further above US$100 (RM420) a barrel,...

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NEW YORK, March 21 — Major US stock indices dipped early today as oil prices continued to climb and US Treasury yields rose amid the Russian war on Ukraine.

Meanwhile, the yield on the 10-year US Treasury note advanced further above two per cent as markets digest the Federal Reserve’s decision last week to lift interest rates. Stocks are coming off a strong week, with the S&P 500 piling on more than six per cent amid bargain hunting and positive trading momentum.

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