Stocks and Bonds Fall as Oil Surge Revives Inflation Concerns — US Market Wrap
US stocks and bonds declined as a renewed surge in oil prices intensified inflation concerns ahead of the Federal Reserve’s upcoming interest-rate decision. Brent crude settled near $117 a barrel as escalating violence in the Middle East threatened energy supplies, raising fears that higher fuel costs could sustain inflationary pressures and complicate the Fed’s policy outlook. Most companies in the S&P 500 retreated, although selling pressure on technology shares showed signs of easing. A key semiconductor index edged higher but still recorded its longest weekly losing streak since November. The Dow Jones Industrial Average fell 1.2%, while Treasuries surrendered part of the previous session’s gains as investors reassessed the inflation outlook.
US stocks and bonds declined as a renewed surge in oil prices intensified inflation concerns ahead of the Federal Reserve’s upcoming interest-rate decision. Brent crude settled near $117 a barrel as escalating violence in the Middle East threatened energy supplies, raising fears that higher fuel costs could sustain inflationary pressures and complicate the Fed’s policy outlook. Most companies in the S&P 500 retreated, although selling pressure on technology shares showed signs of easing. A key semiconductor index edged higher but still recorded its longest weekly losing streak since November.
The Dow Jones Industrial Average fell 1.2%, while Treasuries surrendered part of the previous session’s gains as investors reassessed the inflation outlook.