Wall Street indices retreated from record highs as an explosion on a South Korean ship in the Strait of Hormuz and renewed Middle East tensions overshadowed strong first-quarter earnings reports. Energy stocks saw gains amid the confrontations, while concerns about geopolitical risks weighed on market optimism.
Global Market: Euro zone bond yields hit near one-month high as oil surge fuels ECB rate hike bets
Euro zone government bond yields reached their highest levels in nearly a month. This rise followed a sharp jump in oil prices and heightened inflation