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us stock markets decline as treasury yields remain elevated
U.S. equities faced declines as the S&P 500 and Nasdaq hit two-month lows, influenced by elevated Treasury yields and reduced expectations for Federal Reserve rate cuts. The S&P 500 has fallen in four of the last five weeks amid inflation concerns, while the Dow rose, buoyed by a significant gain in UnitedHealth Group following proposed Medicare reimbursement rate increases. The Russell 2000 index also dropped, entering correction territory.
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