Wall Street Ends Lower on Mounting Inflation Worries
Benchmark Treasury yields hit a multi-month high as investors worried higher oil prices could keep inflation elevated and pressure the Federal Reserve.
- On Friday, the Dow Jones Industrial Average and The Nasdaq fell over 1 per cent as surging crude prices intensified global inflation concerns, shifting investor focus toward Treasury yields.
- Combative comments from President Donald Trump and Foreign Minister Abbas Araqchi raised doubts about the US-Iran fragile truce, dampening hopes for normal traffic through the Strait of Hormuz.
- The Philadelphia SE Semiconductor Index slid 4 per cent, while Nvidia and AMD fell 4.4 per cent and 5.7 per cent, respectively, and Intel dropped 6.2 per cent.
- Jerome Powell completed his final day as Federal Reserve chair on Friday, as incoming chairman Kevin Warsh faces potential rate hikes if the Iran conflict induces sticky inflation.
- Chief market strategist Kenny Polcari of Slatestone Wealth warned the market had "gotten way ahead of itself," while analyst Matthew Keator of Keator Group noted inflation concerns are not transient.
13 Articles
13 Articles
Times of India
The Economic TimesUS stocks today: Dow Jones crashes 500 points on mounting inflation worries
U.S. stocks pulled back from record highs as rising crude oil prices and surging Treasury yields triggered fresh inflation concerns. The selloff hit AI-driven tech stocks hardest, while markets reassessed rate hike risks under incoming Fed leadership, with geopolitical tensions and bond market signals dampening investor sentiment.
Wall Street Focuses on Key Event as U.S. Stocks Slip This Week
U.S. stocks fell Friday, with the S&P 500 down 1.2% and the Nasdaq off 1.5%, as the 10-year Treasury yield climbed to 4.597% and Brent crude hit $109 a barrel. Prediction markets Kalshi and Polymarket both showed about a 70% chance of no Fed rate cuts in 2026. Investors shifted focus to inflation risks and the bond market after recent AI-driven gains. The post Wall Street Focuses on Key Event as U.S. Stocks Slip This Week appeared first on TechS…
Tension in the Straits of Ormuz triggers crude oil, sinks into Wall Street and pushes bonds to levels that haven't been seen since 2007.
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