Stock Market Today: Nasdaq 100 Tumbles as Oil Spikes 6%, Yields Hit 19-Year High
Crude jumped 6% and 30-year Treasury yields hit levels last seen in 2007 as a hot PPI print pushed Fed rate-hike odds toward 70% ahead of Friday's CPI.
Oil prices shot up 6% and borrowing costs hit their highest level since 2007, which worried stock investors and made tech stocks fall today. When things get more expensive to borrow and oil jumps, people often pause before buying growth stocks like tech companies.
Last session drawn · prints held ~15 minutes · licensed exchange data
Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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