US Stocks Decline as Middle East Stalemate Pushes Oil Higher
Fading hopes for a breakthrough in the Middle East and rising inflation worries pushed US stocks lower before the bell on Monday.
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Fading hopes for a breakthrough in the Middle East and rising inflation worries pushed US stocks lower before the bell on Monday.
USย stocksย rallied alongside Treasuries as falling oil prices lent support to optimism that inflation can be kept under control a day after the Federal Reserve raised interest rates andย signaledย more tightening to come. Savita Subramanian, Head: US Equity & Quantitative Strategy at Bank of America, discusses raising her already low S&P 500 year end target. (Source: Bloomberg)
US equity futures fall as leaders of the biggest AI firms propose slowing the technologyโs development. China criticizing the warnings saying a Chinese advantage could threaten American national security. Oil prices rising after Saudi Arabia closed a major crude pipeline following attacks. Amy Wu Silverman of RBC Capital Markets joins "Bloomberg Brief" to look ahead to the Fed decision after the inflation report. Bloomberg Contributor Adam Hodge of Bully Pulpit International discusses what to expect from the US midterm elections. (Source: Bloomberg)