"Fedspeak Sparks Stock Slide as Oil Surges: March Jobs Report Awaited"

Stocks slumped as oil prices surged and a Federal Reserve official suggested no interest rate cuts in 2024, with the Dow falling almost 1.4% and the S&P 500 dropping 1.2%. Homeowners are holding back due to high mortgage rates, and a surging stock market could boost consumer spending by $700 billion. Disney CEO Bob Iger says succession planning is the board's top priority, while reports suggest Alphabet is considering a $35 billion offer for HubSpot. Additionally, tech stocks led markets higher after a rough start to the second quarter, and Citi analysts are optimistic about General Motors' stock performance.