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Wall Street Slumps on Fed Hike Bets While Oil Surges and Apple Rallies

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

News Summary

  • US equities fell as hotter PPI data raised Fed rate hike expectations to 71%, driving Treasury yields higher.
  • Crude oil surged nearly 7% following geopolitical tensions around the Bab el-Mandeb Strait, while gold and silver tumbled.
  • Defying the broad market selloff, Apple rallied 3.6% on its foldable phone launch.
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AAPL price history

332.27 +20.75% over the displayed period

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