Meanwhile, higher bond yields, concerns about private credit markets, and mixed economic data added to market pressure.
Wall Street stocks closed lower for a third consecutive week as rising oil prices, higher bond yields, and concerns about private credit markets kept buyers on the sidelines.
The sell-off came as the ongoing U.S.–Israeli conflict with Iran kept energy prices elevated, fueling concerns about renewed inflation. At the same time, signs of stress in parts of the private credit market added to pressure on financial stocks.
