00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Major U.S. stocks fell sharply Thursday as investors began pricing in the impact of a
00:07prolonged U.S.-Iran conflict, according to CNBC. Reports of attacks on tankers off the coast of
00:13Saudi Arabia pushed Brent crude above $100 per barrel and lifted the 10-year treasury yield
00:19above 4.7%, its highest level since January 2025. Strategists said rising oil prices,
00:25higher borrowing costs, and renewed concerns about inflation and consumer spending
00:30weighed on equities, while markets also increased expectations for Federal Reserve rate hikes.
00:35Some analysts warned that investors should brace for higher inflation,
00:39weaker consumer spending from rising gas prices, and a deeper stock market pullback.
00:43For all things money, visit Benzinga.com.
Comments