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The Economic Times
The Economic Times
Business

US Stocks: US market hits two-week lows as Iran tensions lift oil, bond yields

US stocks’ major indexes slipped to roughly two-week lows on Tuesday as heavyweight technology shares declined even as diminishing prospects for a US-Iran peace agreement stoked oil prices and kept government bond yields near multi-year highs, Reuters reported.

According to the report, Iran said it would adopt a "fully offensive" military posture after efforts to negotiate a permanent end to the war with the U.S. stalled. Meanwhile, Washington ruled out extending a temporary ceasefire agreement that expired on August 17.

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