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Stock markets worldwide dropped from record highs as concerns about oil prices rattled the bond market.

Dow, S&P 500, and Nasdaq are called lower, gold and silver dive, 10-year Treasury yield breaks 4.5%, and oil prices rise after the Trump-XI meeting.

The Dow is expected to open lower as higher yields and rising oil prices spook markets.

Despite a Wall Street rally, a rising number of oversold S&P 500 stocks suggests underlying market weakness.

Concerns are raised that Jerome Powell may lose his battles against inflation and to preserve Federal Reserve independence.