U.S. stocks fell for the fourth straight session as Treasury yields reached multiyear highs. The decline coincided with U.S. oil prices surpassing the $100-per-barrel threshold, adding pressure to markets already grappling with elevated inflation.

August inflation data highlighted the growing burden energy costs are placing on commercial users, reinforcing investor concerns about persistent price pressures. The combination of rising yields and surging oil prices weighed heavily on equity valuations.

Wall Street traders have grown increasingly cautious as bond yields climb, reflecting expectations that the Federal Reserve may maintain a tighter monetary policy for longer. The fourth consecutive session of losses underscores mounting skepticism about a near-term market rebound.

Market participants are now closely watching upcoming economic data releases and Fed communications for clues on the trajectory of interest rates and energy-driven inflation.