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S&P 500 Sinks Below 50-Day Support as Yields and Oil Prices Surge

Yahoo Finance Read original source (opens in a new tab)
The Story

News Summary

  • The S&P 500 broke below its 50-day moving average as surging Treasury yields and crude oil prices weighed on sentiment.
  • Investors remain cautious ahead of crucial CPI inflation data that could cement expectations for an upcoming Federal Reserve rate hike.
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