U.S. futures also were lower today, and crude oil prices have slipped as uncertainty over the U.S. economic outlook, the war in the Middle East, and other hazards ripples through markets, according to the Associated Press. The future for the S&P 500 dropped 0.6%, and that for the Dow Jones Industrial Average was down 0.3%.
High interest rates and bond yields are taking a toll on stocks and on the housing market, where mortgage rates have jumped to their highest levels since 2000.
The yield on the 10-year Treasury has nudged back up toward 5%. Rapidly rising Treasury yields have been knocking the stock market lower since the summer.
In the oil market, U.S. benchmark crude oil sank $1.23 to $84.16 per barrel in electronic trading on the New York Mercantile Exchange. Brent crude, the international standard, declined $1.23 to $87.89 per barrel.
In currency dealings, the U.S. dollar climbed to 150.28 Japanese yen from 150.23 yen.
