Why the Stock Market Is Down Today: Oil Shock, Inflation Fears Slam Wall Street Rally
U.S. stock futures dropped Friday as the 10-year Treasury yield hit 4.56%, its highest since May 2025, and Brent crude neared $109 a barrel with the Strait of Hormuz closed. At 8:31 a.m. ET, Dow e-minis fell 463 points, S&P 500 e-minis lost 90, and Nasdaq 100 e-minis slid 504.5. Fresh inflation data and Middle East supply risks fueled concerns the Fed may keep rates high.