Energy Markets
Nasdaq falls, yields rise as Mideast conflict fears increase
The yields on U.S. government bonds eased slightly Tuesday, but longer-dated yields remain near multi-year peaks after the 30-year Treasury yield earlier reached a level that had not been seen since 2007. Fears of a Middle East conflict escalating fueled inflation fears and weighed heavily on stocks. The Nasdaq Composite fell by 1.33%. The Dow Jones Industrial Average dropped by 0.22%. And the S&P 500 was down 0.69%. Oil prices reached their highest level in over three weeks, after Iran announced that it would take a more aggressive stance. The Strait of Hormuz will remain closed and the United States...