US Stocks Fall as Oil Surge and Treasury Yields Weigh on Risk Sentiment

US equities closed lower on Thursday as a surge in oil prices and rising Treasury yields pressured risk assets. The PPI reading came in high, adding to rate concerns, while the Treasury's long-term securities repurchase operation came in below the maximum set, signaling potential liquidity tightness. The Dow fell 0.60%, S&P 500 0.58%, and Nasdaq 0.65%, with only communication and consumer sectors showing resilience.