Wall St slips as higher yields and oil prices flag inflation risk
US stocks edged lower on Thursday as soaring oil prices and Treasury yields near multi-year highs stoked inflation worries on the cusp of a critical earnings season expected to test recent market gains. Brent crude futures jumped 4.2% to more than $104 a barr...
US stocks edged lower on Thursday as soaring oil prices and Treasury yields near multi-year highs stoked inflation worries on the cusp of a critical earnings season expected to test recent market gains. Brent crude futures jumped 4.2% to more than $104 a barrel on persistent worries about supply from the Middle East after increasing attacks on shipping in the Gulf and the Strait of Hormuz. The bond market rout showe...