US indices end in red as treasury yields rise

US stock indices fell as treasury bond yields increased, with investors awaiting inflation data set to be released this week. The decline also comes amid growing uncertainty due to escalating concerns over a potential trade war.

Dow Jones Industrial Average dropped 1.15%, or 478 points, to 41,433 points.

Similarly, S&P 500 Index fell 0.75%, or 42 points, to 5,572 points. Nasdaq Composite plunged around 0.2%, or 32 points, to 17,436 points.

As for the European indices, STOXX Europe 600 inched down 1.7% to 536.8 points, pressured by a 1.9% drop in automobile stocks.

FTSE 100 shed 1.2% to 8,495 points. CAC 40 edged down 1.3% to 7,941 points, while DAX 40 lost a similar percentage to 22,328 points.

In Japan, Nikkei 225 decreased 0.65% to 36,793 points. TOPIX slumped 1.1% to 2,670 points.

Brent crude futures for May delivery rose by 0.4%, or 28 cents, to $69.56 a barrel at the close.

Meanwhile, US WTI crude futures for April delivery added 0.35%, or 22 cents, to $66.25 a barrel.

As for gold, April futures contracts inched up 0.75%, or $21.5, to $2,920.9 per ounce.