Latest / Odessa News Today | 2 Min News | The Daily News Now!
Market Tumbles Amid Rising Risks | Odessa News
Stocks are sliding as the S&P 500, Dow Jones, and Nasdaq all post losses after three straight down days, reversing August’s gains. Rising inflation, ballooning U.S. debt now over $40 trillion, and global conflicts are rattling markets. Tech giants like Nvidia and Amazon are under pressure as borrowing costs climb with higher interest rates. Bond sell-offs are pushing Treasury yields up, increasing mortgage rates and investor risk premiums. Oil prices soar to near $95 a barrel amid supply disruptions, fueling inflation and forcing the Fed into a tough balancing act — with bets mounting that…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.