S&P 500 slides as global bond yields surge, oil tops 105, Iran conflict and inflation fears fuel rate hike bets and test incoming Fed Chair Kevin Warsh
A selloff in global bonds halted a rally in stocks, with concern intensifying that central banks will be forced to tighten policy to keep inflation in check amid persistently elevated oil prices. In the worst session for equities since March, the S&P 500 fell 1.2%. A gauge of chipmakers — which had led a surge…
