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S&P 500 Tumbles as $110 Oil and Surging Yields Fuel Fed Hike Bets

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

News Summary

  • Global markets tumbled as soaring Brent crude near $110 and hotter US PPI figures pushed Treasury yields toward 5%.
  • Escalating energy costs and rising expectations for a Federal Reserve rate hike continue to pressure the S&P 500 and broader equities ahead of key CPI data.
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