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S&P 500 Drops as Oil Surges Above $100 and Hot PPI Drives Treasury Yields Higher

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The Story

News Summary

  • US stocks dropped as WTI crude surged past $100 amid Middle East conflict and hotter-than-expected PPI inflation lifted Treasury yields.
  • Higher energy prices and sticky inflation heightened expectations of another Federal Reserve interest-rate hike, weighing heavily on equity indices.
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WTI price history

100.05 +69.03% over the displayed period

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