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Market Impact: 0.48
Dow opens 150 pts lower as oil tops $100 and Fed rate hike bets rise
Source: invezz.com
InflationInterest Rates & YieldsEnergy Markets & PricesMarket Technicals & Flows
US equities opened lower as oil prices rose above $100 per barrel and stronger-than-expected annual producer inflation intensified concerns that interest rates could remain elevated. The Dow Jones Industrial Average fell 153 points, while the S&P 500 declined 0.56%.
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