Global Markets React to Inflation, Oil, and Geopolitical Tensions

U.S. stocks were mixed as the S&P 500 slipped on higher inflation expectations and rising oil prices, while the Dow Jones Industrial Average rose and the Nasdaq Composite fell due to geopolitical tensions in the Middle East. The release of data showing a jump in consumers' inflation expectations and escalating tensions in the Middle East contributed to a risk-off mood in the market. Rising oil prices and falling Treasury yields led to the outperformance of the energy sector and the retreat of tech stocks. Earnings reports from major financial institutions, including JPMorgan Chase and Citigroup, beat expectations. Haven assets like gold and Treasury bonds rallied, while Microsoft received regulatory approval for its acquisition of Activision Blizzard.