S&P 500, Nasdaq Slip as $98 Brent Reignites Inflation Fears: Stock Market Today
Crude near $98 pushes the 10-year Treasury yield above 4.8% for the first time since 2023, hammering the Dow as traders price a Fed rate hike next week.
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JPMorgan says a Nasdaq-100 rebalance could force about $15.5 billion of passive SpaceX buying as its index weight rises.
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Crude near $98 pushes the 10-year Treasury yield above 4.8% for the first time since 2023, hammering the Dow as traders price a Fed rate hike next week.
Good Morning Traders! Today’s economic calendar kicks off the shortened trading week with limited scheduled data. The primary economic release comes at 11:00AM ET with the New York Fed’s 1-Year Inflation
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SpaceX shares stay above the IPO price through two insider unlocks, but Wednesday’s larger 700 million-share release may test investor demand.