Dow Jones Top Markets Headlines at 3 AM ET: U.S. Stocks Fall as Oil Tops $100, Yields Hit Multiyear Highs | The ...

U.S. stocks fell for the fourth straight session as oil prices topped $100 a barrel and Treasury yields hit multi-year highs, reflecting a bond selloff and renewed pressure on growth expectations. The rise in borrowing costs came alongside August inflation data showing how higher energy costs are hitting commercial users. A separate market thread highlighted an economic squeeze in Iran, with cuts to subsidies and quotas fueling anger and walkouts by truck and taxi drivers. The broader Middle East conflict also raised expectations of fresh fuel and food price shocks, with the oil and diesel impacts linked to outages in Russia and constraints affecting diesel supplies. The report added that U.S. 30-year mortgage rates moved above 7% for the first time in 15 months. It also noted India’s National Stock Exchange seeks $2.36 billion in a pared-back IPO, and Saudi oil output plunged as disruptions threatened export routes.