Wall Street's wild July ends with swings as Amazon leaps, Apple sinks, and oil prices rise amid inflation worries

U.S. stock markets experienced significant volatility on the final trading day of July. The S&P 500, Dow Jones Industrial Average, and Nasdaq composite all saw considerable swings. Rising oil prices, fueled by ongoing geopolitical tensions, intensified concerns about inflation, which in turn led to a surge in bond yields. The yield on the 10-year Treasury jumped to 4.74%, while the 30-year Treasury yield reached its highest level in 19 years, surpassing 5.2%. This broad market reaction reflects increasing investor expectations for inflation and economic growth.