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Dow Slumps as Oil Surges Past $100 and Yields Spike on Geopolitical Tensions

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The Story

News Summary

  • The Dow Jones tumbled for a third straight session as Brent crude surpassed $100 following military clashes near the Strait of Hormuz.
  • Spiking energy costs and climbing Treasury yields have reignited inflation concerns and lifted expectations for further Federal Reserve interest rate hikes.
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US30 price history

52573.29 +13.19% over the displayed period

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