S&P 500 Rises 0.2% as French Yields Near 4.95% Rattle Global Stocks
Sovereign yield whipsaws and a 4.4% jump in Brent crude to $102.31 rattled global equities, with European indexes down 1.0% to 1.7% while the S&P 500 eked out a 0.2% gain. Rising rates, sticky inflation risks and heavy government deficits are squeezing equity valuations.