Latest / MPC Markets Morning Call
Stocks Continue Slide as Oil Tops $100
Oil tops $100 as Middle East war escalates | Treasury buyback disappoints | Apple unveils $1,999 foldable iPhone
Brent crude surges above $101 after U.S. strikes destroy five Iranian oil tankers and Tehran retaliates with missile attacks on a Jordanian base and commercial vessels. The oil shock sends the 10-year Treasury yield to 4.85% — its highest since November 2023 — while the Treasury Department's $6 billion buyback falls short of the $10 billion the market expected. The S&P 500 drops 0.5%, the Dow sheds 0.8%, and energy is the only sector in the green. Apple unveils the iPhone Duo, its…
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