Wall Street Dips as Treasury Yields Spike and Dollar Gains

Wall Street equity indexes closed lower following a volatile session. Treasury yields increased post-bond auction, and the dollar strengthened against the yen. Oil prices climbed due to U.S. crude stockpile depletion and Middle East tensions, despite concerns over China's weak demand. Key equities, bond yields, and currency movements were noted.

Wall Street equity indexes closed lower after Wednesday's volatile session, with Treasury yields rising following a bond auction and the dollar strengthening against the yen amid cautious comments from central bankers.

Oil prices surged after a bigger-than-expected draw in U.S. crude stockpiles and potential escalation in the Middle East, even as investors were concerned over weak demand in China.

Meanwhile, the Bank of Japan's Deputy Governor Shinichi Uchida noted that interest rates will remain unchanged due to unstable financial markets, leading to a drop in yen. Wall Street's S&P 500 slid further after a weak U.S. 10-year Treasuries auction, alongside significant movements in major U.S. and international equity indices.

(With inputs from agencies.)