Market Dip Amid Rising Oil and Fed Hike Odds | US News

Stocks took a hit as oil surged past $100/barrel, dragging major indexes lower while the energy sector alone rose. Apple dipped and Treasury yields climbed to their highest since November, fueled by a scaled-back $6B bond-buying program. Investors grow cautious as earnings season looms, with key inflation data—PPI Thursday, CPI Friday—set to shape Fed rate-hike bets (60% chance next week). Meta rallied on its new AI assistant, while Alphabet fell after revealing a $15B AI infrastructure bet in Finland.

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