S&P 500 slides as traders monitor Treasury yields; oil gains 3%: Live updates

Live updates

1. 1h ago

   S&P 500 slides as oil prices rise and Treasury yields surge

   The S&P 500 retreated from its record high as oil prices rose 3% and Treasury yields surged, stoking inflation worries. Stock futures are little changed. Asian stocks are expected to dip. The decline in stocks is attributed to the surge in oil prices and high yields.

   Why it matters

   The recent surge in oil prices has raised concerns about inflation, which has been a major concern for investors. The S&P 500 had reached a record high recently, but has since edged further away from it. The performance of the stock market is closely watched as it can indicate the overall health of the economy.

   What is confirmed

   • The S&P 500 retreated from its record high.
   • Oil prices rose 3%.
   • Stock futures are little changed.
   • Asian stocks are expected to dip.

   What to watch next

   • The release of inflation data
   • The performance of the S&P 500 in the coming days
   • The impact of Treasury yields on the stock market
   Sources used for this update (6)

   1. coinpedia.org — Short News
   2. CNBC — Stock futures are little changed after S&P 500 retreats from record: Live updates
   3. Bloomberg.com — Asian Stocks to Dip as Oil Fuels Inflation Worries: Markets Wrap
   4. WSJ — Stock Market Today: Oil Rises, Bonds Fall Again — Live Updates
   5. Reuters — Wall St futures decline as oil surge, high yields stoke inflation worries
   6. Anchorage Daily News — US stocks edge further from their record as oil prices rise
   confidence 70%