Stock market today: Indexes tumble, bond yields surge amid fresh Iran attacks

US stocks fell and bond yields climbed as renewed fighting involving the US and Iran refocused investors on inflation risks. Kuwait said its army was confronting missile and drone attacks, and US Central Command said it defeated several missile and drone attacks and carried out "self-defense strikes" on Iran's Qeshm Island.

President Donald Trump told the New York Times that Iran has agreed not to have a nuclear weapon, while noting the nation could later "change their mind." Major indexes slid by the close: the S&P 500 finished at 7,553.68, down 0.74%; the Dow Jones Industrial Average fell to 50,687.07, down 1.21% (a drop of 620.72 points); and the Nasdaq closed at 26,853.976, off 0.89%.

Oil prices rose as traders digested the escalation, with Brent crude jumping 2% to trade around $98 a barrel, edging toward the symbolic $100 mark. Bond yields moved higher as well: the 10-year yield ticked up 3 basis points to about 4.49%, just under 4.5%, the 30-year traded near 4.99%, and the 20-year briefly surpassed 5%.

United States

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