Stocks Drop as Oil Rally Fuels Treasury Volatility
Stock markets declined as rising oil prices and bond volatility increased concerns over inflation and potential Federal Reserve interest rate hikes.
A renewed episode of bond volatility left traders unwilling to make riskier bets, with stocks falling on worries that elevated oil prices will fuel inflation and force the Federal Reserve to lift rates. Keith Lerner, CIO at Truist, discusses the path of the S&P amid mounting market pressures. (Source: Bloomberg)
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