US Equity Markets Lower After Treasury Yield Hike, Chances of Policy Rate Increase, President Trump's Threat to Hit Iran Again
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US equity markets closed lower as the 30-year treasury yield reached a near two-decade high, increasing the likelihood of an interest rate hike. President Trump threatened to resume strikes on Iran if peace talks fail. The probability of a 25 basis-point rate increase in December rose to over 40%. Kroger shares gained 3.4% after being ranked in the 2026 Axios Harris Poll 100, while Estee Lauder shares fell 5.4% amid ongoing merger talks.
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