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S&P 500 Slides, Gold Crashes As $100 Oil Stokes Stagflation Fears: What's Moving Markets Thursday?
Wall Street extended its sell-off Thursday as surging crude prices — driven by Iranian strikes on Gulf energy infrastructure — collided with a more hawkish Federal Reserve, pushing the S&P 500 to its lowest close since mid-November and reigniting stagflation fears.
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Wall Street extended its sell-off Thursday as surging crude prices — driven by Iranian strikes on Gulf energy infrastructure — collided with a more hawkish Federal Reserve, pushing the S&P 500 to its lowest close since mid-November and reigniting stagflation fears.