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Oil Spikes and Equities Slide on Hot PPI While Apple Defies Selloff

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

News Summary

  • US equities fell as surging crude prices and hot PPI data stoked inflation fears, lifting Treasury yields and rate-hike odds.
  • WTI and Brent jumped 6% following geopolitical escalations near the Red Sea, while Apple bucked the market downturn by gaining nearly 3% on its foldable smartphone debut.
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BRENT price history

105.34 +62.26% over the displayed period

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