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S&P 500 Drops as Surging Oil Reignites Inflation and Rate Hike Fears

CNBC TV18 Read original source (opens in a new tab)
The Story

News Summary

  • Global stocks dropped as surging crude oil prices above $100 per barrel reignited inflation fears and lifted Treasury yields.
  • The S&P 500 slipped 0.5%, pressured by industrial and tech shares, as Middle East tensions fueled supply disruption worries ahead of critical US inflation data.
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