Stocks dip, Treasury yields jump as oil pushes higher - Reuters
Stocks dip, Treasury yields jump as oil pushes higher Reuters
Coverage by Political Leaning
See how different sides of the spectrum reported this story
Notable Quotes
"You can’t sugarcoat this report. A negative payrolls number combined with a big jump in oil prices will have traders worrying about stagflation risks."
— Brian Jacobsen , Other
"While further escalation remains a risk, we think the more likely outcome is an increase in market risk aversion that likely lasts only a short time until investors can see a winding down of hostilities."
— Scott Wren , Executive
"February's inflation numbers were heading in the right direction, but then along came the conflict in the Middle East and now the path is changing."
— Brian Jacobsen , Other
"The ECB would do everything to keep inflation under control and to avoid a repeat of the 2022 energy price shock."
— Christine Lagarde , Executive
"While further escalation remains a risk, we think the more likely outcome is an increase in market risk aversion that likely lasts only a short time until investors can see a winding down of hostilities."
— Scott Wren , Executive
"It benefited from a 74% jump in revenue for AI chips."
— Hock Tan , Executive
Key People
Brian Jacobsen is the chief economic strategist at Annex Wealth Management.
Christine Lagarde is the President of the European Central Bank.
Former president of the United States known for his aggressive economic policies.
Hock Tan is the CEO of Broadcom, a major chip company.
Scott Wren is a senior global market strategist at Wells Fargo Investment Institute.
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<a href="https://news.google.com/rss/articles/CBMidEFVX3lxTE8tZGJkUUZPeGxOQjVSOGtPeWJnb2hmamt4RFlHcUU0eUFpazNFQ1Z6X3N4eVBwWV94Y1BRZXUwQTllY1JXeGFEM0pBcFVzU3F2N1NJWUlFcEJyZzFFdTcyS2NVRGt0NjNzUkxUYzVlSXNKRUln?oc=5" target="_blank">Stocks dip, Treasury yields jump as oil pushes higher</a> <font color="#6f6f6f">Reuters</font>
U.S. stocks declined and Treasury yields rose as oil prices surged, with investors concerned about the impact of rising energy costs on economic growth and inflation.
The S&P 500 fell 1.3% amid concerns over escalating oil prices and a weaker-than-expected U.S. job market report, marking Wall Street's worst week since October.
The Dow Jones Industrial Average dropped over 1,000 points as oil prices spiked to their highest level since 2024, driven by escalating tensions in the Middle East.
U.S. stocks declined and Treasury yields rose as oil prices surged, with investors concerned about the impact of rising energy costs on economic growth and inflation.
The Dow Jones Industrial Average dropped more than 1,000 points as oil prices spiked to their highest level since the summer of 2024, driven by escalating tensions in the Middle East.
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