Stocks Rise, Oil Eases Before CPI
U.S. stocks advanced as oil retreated from session highs, while Treasury yields and the dollar eased ahead of CPI that could reset Fed and market expectations.
U.S. stocks advanced as oil retreated from session highs, while Treasury yields and the dollar eased ahead of CPI that could reset Fed and market expectations.
After a 1,325-point Dow surge and a 16% oil drop, U.S. markets head into CPI with Treasury yields, sector rotation, and Fed guidance driving risk.
Dow +1,325, S&P 500 +2.51%, and Nasdaq +2.80% as WTI dropped over 16% to $94.41 after a US-Iran ceasefire repriced energy and inflation risk.
S&P 500 +3.4%, Nasdaq +4.4% for the week — the best gains since November — even as WTI crude surged 11% to $111.54 on Trump's threat to hit Iran "extremely hard."
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