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2026-09-10T19:07:02.196Z

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US stocks drop as oil rises and rate hike bets grow

US stocks drop as oil rises and rate hike bets grow

The U.S. stock markets declined today due to rising oil prices and increased expectations of interest rate hikes, despite the S&P 500 dropping 0.59% to 7,591 points and the Nasdaq decreasing by a similar margin to 26,098 points. This follows August's rise in producer prices and a recovery in energy costs, heightening fears of potential inflation. Additionally, the increase in yields on 10- and 30-year U.S. Treasury bonds added pressure to the stock market, with the probability of a rate hike next week exceeding 70%. Despite the setbacks, the index is still up 11% since the beginning of the year.

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