World shares are mixed after Wall Street simmered under pressure from rising bond yields. U.S. futures and oil prices edged higher.
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Brent crude, the international standard, added 4 cents to $90.75 per barrel. On Monday, Brent lost $1.49 to settle at $90.71 a barrel. Stocks that pay high dividends with relatively steady businesses are squeezed because investors are more likely to switch between stocks and bonds. That puts a harsh spotlight on utility companies. PG&E dropped 5.6%, and Dominion Energy sank 5.3% for some of the sharpest losses in the S&P 500.
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