Wall Street falls as bond market intervention effects fade, Walmart results disappoint

U.S. equities fell sharply as the recent bond‑market respite reversed, sending long‑duration Treasury yields higher despite expanded buybacks. Weak sales guidance from Walmart deepened pressure on consumer stocks, while rising fiscal‑deficit concerns and stubborn inflation pushed the 30‑year yield back toward multi‑decade highs. Crude extended gains on renewed U.S. & Iran tensions, lifting energy names, while cryptocurrencies rallied on policy optimism and heavy short‑covering.

In India, the rupee firmed on broad dollar weakness. Nifty’s rebound above 24,000 remains constructive, but the short‑term trend stays negative until a sustained move above 24,375, with support at 24,000 – 24,050