Australia Consumer Confidence Plunges as RBA Rate Hike Hits Households 
Iran Tanker Attacks Surge as Hormuz Oil Flows Near Prewar Levels 
Asian Stocks Rise as Nasdaq Record Offsets Bond Yield Pressure 
Bangladesh GDP Growth Accelerates to 4.6% on Industrial Rebound 
Asian Currencies Steady as Dollar Holds Near 18-Month High 
Fed Minutes Signal Another Rate Hike by Year-End 
RBI Raises Repo Rate to 5.50% in Hawkish Shift on Inflation Risks 
Oil Prices Rise as Hormuz Attacks Fuel Supply Fears 
Gold Prices Rise as Dollar Weakens, Treasury Yields Ease 
France to Release 10 Million Barrels of Diesel to Ease Fuel Prices 
Deere, CNH and AGCO Stocks Fall as FTC Launches Farm Equipment Probe 
Trump Opens Tax-Exempt Dyed Diesel Access as Fuel Prices Surge 
European Stocks Fall as Oil Rises Ahead of Fed Minutes 
Oil Prices Rise as Hormuz Risks Offset IEA Stock Release 
Japan Real Wages Rise 1.5%, Supporting BOJ Rate Hikes 
US Stock Futures Flat as Fed Minutes, Earnings Loom 
Samsung, SK Hynix Shares Fall Ahead of Q3 Earnings 
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Wall Street ended lower on Wednesday, snapping a four-session winning streak as investors weighed rising Treasury yields, volatile oil prices and Federal Reserve minutes pointing to another potential interest rate hike this year.
The S&P 500 fell 0.3% to 7,798.14, while the Nasdaq Composite declined 0.2% to 27,538.69. The Dow Jones Industrial Average dropped 0.7% to 51,179.22. However, all three indexes recovered significantly from session lows after a strong U.S. Treasury auction eased pressure on bond markets.
Treasury yields initially surged amid concerns about oil-driven inflation, heavy corporate borrowing to finance artificial intelligence infrastructure and fiscal pressures in major economies. Sentiment improved after a $39 billion auction of 10-year Treasury notes attracted strong demand.
The benchmark 10-year Treasury yield was last up 1.8 basis points at 5.286%, after climbing as much as 9.5 basis points earlier. The 30-year yield rose 2.5 basis points to 5.666%.
Despite the bond selloff, U.S. stocks have remained relatively resilient. The S&P 500 had reached a record high Tuesday and closed above 7,800 for the first time, supported by renewed enthusiasm around AI stocks and expectations for strong third-quarter corporate earnings.
Investors also assessed minutes from the Fed’s September meeting, when policymakers unanimously raised interest rates by 25 basis points to 3.75%-4.00%. The minutes showed most officials believed another rate increase would likely be appropriate before year-end as inflation remains above the central bank’s 2% target.
Oil prices were volatile amid geopolitical and supply concerns. Brent crude gained 0.7% to $100.93 a barrel after attacks on ships in the Strait of Hormuz and escalating fighting in Yemen raised disruption fears. Gains eased after the International Energy Agency agreed to accelerate emergency oil releases, while France announced plans to release 10 million barrels of diesel.
Attention is now shifting toward the upcoming U.S. earnings season. Major banks including JPMorgan and Bank of America are scheduled to report next week, potentially providing the next major catalyst for Wall Street.
