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Market Impact: 0.62
Dow closes 400 pts lower as US crude oil tops $100 and Fed rate-hike bets rise
Source: invezz.com
Energy Markets & PricesInflationMonetary PolicyInterest Rates & YieldsInvestor Sentiment & Positioning
US stocks fell as oil prices rose above $100 per barrel, intensifying inflation concerns and bolstering expectations of a Federal Reserve rate hike next week. The Dow Jones Industrial Average dropped 400 points, or 0.76%, while the S&P 500 declined 0.65%, reflecting a broad risk-off response to higher energy costs and tightening-policy expectations.
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