💨 Abstract

Global stocks dropped for a third consecutive day on Monday, with U.S. indices suffering sharp losses in a broad selloff. The 10-year U.S. Treasury yield's recent surge above 4.5% due to the Federal Reserve's slower interest rate cut path has raised concerns about elevated stock market valuations. The S&P 500 closed 1.07% lower, with all sectors in the negative territory.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖