0831 | S&P 500 Drops, Yields Top 4.75%, Oil Above $90, Utility Stocks Slide

U.S. stocks slid on Monday as the U.S. and Iran exchanged strikes for the first time in about a month, pushing Brent crude above $90 a barrel and pressuring rate-sensitive sectors like utilities. California utility stocks plunged after lawmakers struck a wildfire liability deal, and the 10-year Treasury yield topped 4.75% for the first time since January 2025 as rate-hike bets built. This episode covers the market fallout from the Middle East conflict, the oil and Venezuela angle, gold and silve Timeline: 00:00:00 Opening 00:00:18 Stocks slide as U.S.-Iran strikes lift oil 00:01:11 California utilities plunge on wildfire bill 00:02:20 10-year yield tops 4.75% on rate-hike bets 00:03:32 Brent tops $90 as oil and Venezuela deal shake markets 00:04:38 Gold, silver and crypto react to strikes and rate expectations 00:04:47 GE Vernova slips on Elon Musk remarks View episode details → https://bri.so/show/episode/01a059d6-2d8d-75cc-8caf-5e551ca255db This episode is produced by Bri. Bri uses advanced AI technology to turn the feeds you care about into podcasts made for listening. https://bri.so Contact us at [email protected].