Dow Jones Futures Rise After Oil Prices, Yields Hit Stocks; Inflation Data Due
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Dow Jones Futures Rise After Oil Prices, Yields Hit Stocks; Inflation Data Due
Dow Jones futures and S&P 500 futures rose slightly overnight and Nasdaq futures fell. A key inflation report is on deck. The stock market rally struggled again on Wednesday, with the Dow Jones and small-cap Russell 2000 falling further below key support. Crude oil prices jumped, extending a big…
The Dow Jones Index closed down 405.41 points after oil prices surpassed $100 due to tensions in the Middle East, fueling inflation concerns. Meanwhile, US bond yields jumped to 4.85%, the highest in nearly three years. The post “Dow Jones” closes down 405 points after oil surpasses $100 – bond yields surge, inflation concerns appeared first on Business Online Stock News.
Wall Street aggravates the losses from escalation in the Middle East while crude threatens to reactivate inflation and complicate the rate scenario.
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