From Investing.com: 2024-05-30 05:11:00

Yesterday, a deeper correction in stocks occurred during the US session due to hawkish comments from Fed members. US yields rose to the 78.6% Fibonacci level, signaling a potential end to corrective price action from the May low. The key now is for 10-year US yields to drop back below 4.5% to confirm the correction has ended. If this happens, stocks could stabilize and complete the current pullback from the highs in various markets.



Read more at Investing.com: Stocks Correct as US Yields Rally