Oil Surge and Inflation Trends | Europe News

Stock futures are mixed as the week winds down, with the S&P 500 up and the Dow down, following yesterday’s new highs fueled by cooling inflation and falling oil prices. But oil is surging again amid reports of tanker attacks in the Strait of Hormuz, rattling budgets and markets. New retail sales data show spending slowed after tax refund boosts, while gas prices have climbed nearly a dollar above last year’s levels. Inflation’s easing could mean the Fed pauses rate hikes — a welcome sign for borrowers. Meanwhile, Reddit’s stock soars ahead of its S&P 500 debut, and global markets trade on uneven footing. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/a1a0c3f2558dce96