US equities slide mid-session with the Nasdaq down 1.3%, pressured by surging Treasury yields approaching multidecade highs and elevated oil prices amid escalating US-Iran tensions. The S&P 500 and Dow extend losses to their third straight day as semiconductor stocks collapse and bond markets signal persistent inflation concerns.
→ FOMC minutes Wednesday—will Fed messaging address inflation and valuation concerns, or signal dovish pivot?
→ Retail earnings pace (Walmart, Target, Lowe's)—consumer health critical amid back-to-school season and summer spending slowdown
→ Oil and Strait of Hormuz geopolitics—any escalation could push crude toward $90+, further pressuring equities on stagflation fears