Stock Markets Worldwide Drop From Records as Worries About Oil Prices Rattle the Bond Market
Bond yields rose worldwide as oil topped $100 a barrel, reviving inflation worries and pressuring the AI-driven stock rally, analysts said.
- On Friday, global stocks tumbled as Brent crude surged above $108 a barrel, intensifying investor fears that persistent inflation may derail the recent artificial intelligence-fueled equity rally.
- The war with Iran is continuing, and the Strait of Hormuz remains shut to oil tankers, preventing them from delivering crude to customers worldwide and driving up oil's price.
- Treasury yields climbed to 4.56% on Friday, signaling mounting economic pressure, as strategist Hartnett noted that inflation climbing above 4% is "where risk assets get twitchy."
- Traders have fully priced out Federal Reserve rate cuts for this year, with Dilin Wu, a research strategist at Pepperstone Group, noting markets are assigning probability to a hike before year-end.
- Despite emerging consensus for a June reopening, Helima Croft, global head of commodity strategy at RBC Capital Markets, wrote that expecting the Strait of Hormuz to open within the next month is "magical thinking.
32 Articles
32 Articles
Ottumwa Courier
Stock markets worldwide drop from records as worries about oil prices rattle the bond market
The U.S. stock market is falling from its records and joining a worldwide drop for stocks, as higher oil prices send a shiver through the bond market. The S&P 500 fell 1.1% Friday from its all-time high. The Dow Jones…
Sinking AI stocks knock Wall Street off its records as markets drop worldwide on inflation worries
NEW YORK (AP) – The U.S. stock market is falling from its records Friday and joining a worldwide drop for stocks, as higher oil prices send a shiver through the bond market. Stocks that had been caught up in the euphoria around artificial-intelligence technology led the way lower. The S&P 500 fell 1.1% from its all-time high set the day before. The Dow Jones Industrial Average was down 408 points, or 0.8%, as of 9:35 a.m. Eastern time, and the N…
Sinking AI Stocks Knock Wall Street off Its Records as Stocks Drop Worldwide on Inflation Worries
The U.S. stock market is falling from its records and joining a worldwide drop for stocks, as higher oil prices send a shiver through the bond market Sinking AI Stocks Knock Wall Street off Its Records as Stocks Drop Worldwide on Inflation Worries.
Stocks, Bonds Drop as Inflation Woes Jolt Traders: Markets Wrap
(Bloomberg) — Stocks tumbled and the Treasury two-year yield climbed to the highest level in 14 months as surging oil prices intensified fears of resurgent inflation, while investors began questioning whether the AI-fueled rally in equities has run too far.
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