US EditionHigh Oil Prices Knock Down Stocks and Erase Wall Street’s Hopes for a Cut to Interest Rates
Oil prices rose over 3%, pushing the S&P 500 down 1.5% and lowering expectations for Federal Reserve rate cuts, with bond yields hitting new highs.
- On Friday, U.S. stocks fell as the S&P 500 index dropped 1.5% to close a fourth straight weekly loss while Brent crude settled at $112.19 and benchmark U.S. crude at $98.32.
- Before the war with Iran, traders canceled bets as Brent crude surged from roughly $70 to as high as $119.50 this week, raising market concerns.
- Market breadth showed widespread declines as roughly four out of five S&P 500 stocks fell, the 10-year Treasury yield jumped to 4.39%, the two-year to 3.89%, and the Russell 2000 index dropped 2.5%.
- CME Group data show expectations have shifted, with traders canceling nearly all bets on Fed rate cuts this year, and some now see a possible 2026 rate increase, as higher yields threaten to raise borrowing costs.
- Global markets also felt the shock as indexes in Europe and China sank, while gold finished the week at $4,574.90 per ounce, hurting its safe-haven appeal.
49 Articles
49 Articles
The price of oil is climbing and increasing the worry that inflation could resume. An interest rate reduction is moving further and further into the distance in the eyes of the US investors. Kauflaune is not likely to arise.
The Billings Gazette
High oil prices knock down stocks and erase Wall Street's hopes for a cut to interest rates
NEW YORK — Climbing oil prices shook stock markets Friday, as hopes collapsed for a possible cut to interest rates this year by the Federal Reserve.
The Blade
Western InvestorHigh oil prices send Wall Street sharply lower and erase hopes for a cut to rates
NEW YORK — Another climb for oil prices shook stock markets on Friday, as hopes collapsed for a possible cut to interest rates this year by the Federal Reserve.
US New York stock market opens lower as expectations for interest rate cuts diminish due to Middle East risks. Analysts attribute this to the burden of high oil prices stemming from the prolonged war in the Middle East influencing expectations for an interest rate cut by the Federal Reserve. As of 10:52 AM local time on the 20th, the New York stock market
Coverage Details
Bias Distribution
- 49% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
