Chipmakers post longest weekly drop since November as oil prices rise
FROM THE WIRE · FINANCE.YAHOO.COM
A resurgence in oil prices dragged down stocks and bonds, stoking concerns about inflation just days ahead of the Federal Reserve decision on interest rates. Brent crude settled near $117 as a flare-up in Middle East violence threatened supplies. Most S&P 500 firms fell even as…
Read at the source ↗MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishHigher oil and inflation worries weigh on stocks and bonds just ahead of the Fed decision.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Brent crude settled near $117 as Middle East violence threatened supplies.
- 02The Dow Jones Industrial Average slipped 1.2%.
- 03Most S&P 500 firms fell.
- 04The chipmaker gauge posted its longest weekly drop since November.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Dow Jones Industrial Average52,215.16Market closedtoday -1.23%Negative S&P 5007,622.86Market closedtoday -0.53%Negative Crude Oil WTI103.27 USDAwaiting tradestoday +3.82%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets