Dow falls 100 points with Treasury yields near 16 year highs, oil jumping and tech earnings ahead

U.S. stock indexes opened modestly lower on Wednesday morning as Treasury bond yields remained near fresh 16-year highs and geopolitical angst hit global sentiment.

However, investor sentiment has been soured after reports saying hundreds had died following an explosion at a Gazan hospital raised fears that the Israel-Hamas war would draw in other forces in the region.Recent hopes that a trip by U.S. President Joe Biden to the Middle East might boost diplomacy have been damped after Jordan cancelled a summit at which Biden was to meet the Jordanian and Egyptian leaders, as well as Mahmoud Abbas, President of the Palestinian Authority.

See: Long-term U.S. Treasury yields may resume their march higher despite recent bond-market swings, BlackRock says

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