New York — World stocks declined in their biggest two-day dive in almost six months on Tuesday as tumbling oil prices and a jump in global borrowing costs cooled the year’s euphoric start in financial markets. Lackluster German inflation curbed a rise in US Treasury yields — the benchmark for world lending rates -after they touched their strongest level in nearly four years overnight at 2.733%. Stocks on Wall Street shed almost 1%, led by a decline in energy shares amid ongoing evidence of rising US crude output. A plunge in healthcare-related companies also pulled stocks lower after Amazon.com, Berkshire Hathaway and JPMorgan said they plan to form a venture to cut costs for their US employees. The S&P energy sector fell 1.77% and healthcare tumbled 1.55%, the second-biggest decline among the 11 major sectors. Health insurer UnitedHealth and drugmaker Pfizer were among the top five decliners in the S&P 500, falling 3.3% and 2.6%, respectively. Pfizer had risen about 2% in pre-marke...
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