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US Stocks Rebound as Crude Oil Slides Despite Sticky Core CPI

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

News Summary

  • U.S.
  • stocks rebounded over 1% Friday, breaking a four-day slide as crude prices retreated.
  • WTI dropped 3% to $99.44 and Brent slipped 2.74%.
  • Despite August core CPI slightly exceeding expectations, markets stabilized while pricing an 85.6% probability of a 25 bps Federal Reserve rate hike.
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104.61 +64.07% over the displayed period

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