Oil at $100 Threatens U.S. Stocks as Markets Reopen
📡 Barrons · 1 min read ·
Part of composite article Fed Set to Hike Rates Three Times as Oil Tops $100 and Inflation Fears Roar Back View full article →
U.S. stock futures and Treasury prices slipped on Tuesday as investors returned from the Labor Day weekend to face a new worry: Brent crude oil nearing $100 a barrel.
The higher cost of oil dragged on market sentiment, making traders cautious before the opening bell. Treasury yields rose as bond prices fell, reflecting a shift away from safer assets.
The move comes as global energy prices climb, raising concerns about inflation and its impact on consumer spending and corporate profits. No major economic data or policy announcements were scheduled for the session, leaving oil the dominant driver of early trading.