Wall Street drops amid Alphabet, Amazon, and bond yield gains

Wall Street indices declined on Wednesday's close, due to pressure from Alphabet and Amazon stocks, amid rising U.S. Treasury bond yields and statements from officials regarding tensions in the Middle East. This followed increases in oil markets and concerns about the continued rise in interest rates expected to be raised by the Federal Reserve. The S&P 500 fell by 0.74%, the Nasdaq by 1.10%, and the Dow Jones by 0.66%. Treasury yields increased to levels not seen in years, with growing expectations of further rate hikes, putting pressure on the stock market. Technology stocks such as Meta, Alphabet, and Amazon experienced fluctuations as markets remain watchful of geopolitical developments and their impact on the global markets.

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