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S&P 500 Slides as Oil Surges on Middle East Tensions and Rate Hike Fears

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The Story

News Summary

  • US stocks opened lower as escalating Middle East hostilities pushed oil prices toward $100, fueling inflation concerns ahead of PPI and CPI prints.
  • Rising 10-year Treasury yields and renewed US-Canada trade tensions added pressure, dampening market sentiment despite modest gains in chip and energy shares.
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104.61 +64.07% over the displayed period

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