Oil Surge Sparks Market Volatility | Sydney News

Stocks took a hit today as the S&P 500, Dow, and Nasdaq all slid, fueled by a sharp spike in oil prices that’s rattled markets since late February. Brent crude briefly surged past $90 before cooling, adding pressure on inflation and gas prices. With inflation numbers expected this week—showing a slight slowdown but still high—the Fed faces tough calls: raise rates to fight inflation, risking an economic slowdown and even presidential pushback. Traders are split, betting like coin flips on the next move. Amid the chaos, some stocks shone: Cardinal Health and Aramark soared on strong earnings, while Intel dipped after announcing new stock sales to fund AI growth. 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/2fb339747b5b7b82