Inflation jitters damp risk appetite ahead of Iran talks
TL;DR Summary
Friday’s rally faded as U.S. inflation stayed elevated and oil prices remained high ahead of Saturday’s Iran talks in Islamabad, leaving investors cautious about risk-taking. The Dow fell about 0.6%, the S&P 500 barely moved, and the Nasdaq gained, while the 10-year yield rose to around 4.32% as traders weigh inflation, energy costs, and how talks will influence Fed policy.
- Investors are gloomy about inflation and risk-taking ahead of Saturday’s Iran talks MarketWatch
- Stocks Waver Ahead of Cease-Fire Talks, but Log Big Weekly Gains The New York Times
- S&P 500 slips Friday, but index posts best week since November after fragile Iran ceasefire deal: Live updates CNBC
- The third Gulf war will scar energy markets for a long time yet The Economist
- Oil ends lower ahead of U.S.-Iran ceasefire talks, posts steepest weekly loss since 2022 Reuters
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