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Most US Stocks Close Lower as Middle East Conflict Fuels Inflation Fears

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Due to the Middle East conflict pushing up energy prices, market concerns about prolonged high inflation triggered a sell-off in U.S. Treasury bonds on the 19th, with the 30-year bond yield briefly rising to 5.19%. Against this backdrop, most major U.S. stock indices closed in the red; the Dow, S&P 500, and Nasdaq all fell, while only the Philadelphia Semiconductor Index posted a slight gain.

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