US stocks edge further from their record after oil prices rise
- U.S. stocks fell on Monday, with the S&P 500 down 0.5%, the Dow Jones Industrial Average down 272 points, and the Nasdaq composite down 0.3%.
- The decline intensified in afternoon trading after oil prices rose and added to inflation pressure in financial markets.
- Brent crude climbed 2.7% to $90.87 a barrel as traders weighed uncertainty over the war with Iran and its effect on global oil flows.
- The 10-year Treasury yield rose to 4.72% from 4.68% on Friday, reflecting expectations that higher oil prices could worsen inflation and keep pressure on interest rates.
- Wall Street has remained near record levels because corporate profits have been strong, but investors are also watching upcoming retail earnings and signs of softer consumer demand.
U.S. stocks edged further away from their record levels on Monday as rising oil prices added pressure to inflation and financial markets. The S&P 500 fell 0.5%, while the Dow Jones Industrial Average lost 272 points, or 0.5%, and the Nasdaq composite slipped 0.3%.
The market weakened more in afternoon trading after Brent crude rose 2.7% to $90.87 a barrel. The article said oil prices have been volatile because of uncertainty over the war with Iran and its possible effect on the global flow of crude. As oil rose, the 10-year Treasury yield also moved higher to 4.72% from 4.68% on Friday.
The report said higher oil prices could worsen inflation and increase pressure on the Federal Reserve to raise interest rates. For markets, that is potentially bearish for U.S. stocks and neutral to bullish for oil-related assets, while the broader effect on crypto and gold was not directly addressed in the report. Investors were also looking ahead to retail earnings and signs that consumer spending may be slowing.
油价上涨后，美国股市进一步远离历史高点
周一，美国股市进一步远离历史高点，原因是油价上涨给通胀和金融市场带来压力。标普500指数下跌0.5%，道琼斯工业平均指数下跌272点，跌幅0.5%，纳斯达克综合指数下跌0.3%。
随着布伦特原油上涨2.7%至每桶90.87美元，市场在午后进一步走弱。报道指出，油价波动与伊朗战争带来的不确定性有关，市场在评估冲突可能如何影响全球原油运输。油价上行同时也推动10年期美国国债收益率从周五的4.68%升至4.72%。
文章称，更高的油价可能加剧通胀，并增加美联储维持或提高利率的压力。就市场影响而言，这对美国股市偏利空，对能源相关资产偏利多；报道未直接讨论加密货币和黄金外汇的具体影响。投资者还在关注本周即将公布的零售企业业绩，以及消费需求走弱的迹象。