Stocks and Bonds Tumble as Markets React to Rising Rates and Political Uncertainty

The S&P 500 dropped around 8% from July highs, with analysts concerned about it breaking below 4,200.
year Treasury yields topped 5% for the first time since 2007 as the 10-year yield hit a 16-year high due to the Fed signaling higher interest rates.
Oil prices fell as OPEC prepared to meet, with output targets unlikely to change.
Kevin McCarthy's failed bid for House Speaker increased the chances of a government shutdown according to Goldman Sachs.
Bitcoin held steady despite stock market declines, with analysts still bullish on crypto for October.