Global stock markets fall on interest rate fears, yields soar

News Snapshot:

Global stock markets fell on Tuesday as investors’ fears increased that interest rates will rise again and stay elevated for a prolonged period to tame inflation. Investors across the global markets fear that keeping rates high for too long could drag economies into recession. Bond yields soared to multi-year highs in the wake of central banks signal that rates may rise again this year. US stocks US stocks plunged on Tuesday as treasury yields climbed to 16-year highs in the wake of the Federal Reserve's hawkish outlook. The S&P 500 lost 63.77 points, or 1.47%, at 4,273.67 points. The Nasdaq...