Major U.S. stock indexes moved lower Thursday afternoon as rising yields and higher oil prices made investors more cautious. Markets were also awaiting a key reading on consumer price trends.
In afternoon trading, the Dow Jones Industrial Average fell 0.6%, while the S&P 500 lost 0.5%. The source also said the so-called fear gauge spiked, pointing to increased expectations of market volatility.
The metals segment was also under pressure. Shares of Freeport-McMoRan (FCX) and Southern Copper (SCCO) declined following tariff-related news.
Overall sentiment was shaped by several factors at once: higher yields, stronger oil prices and anticipation of inflation data, which investors view as an important signal for the future path of monetary policy.
