Stock Index

U.S. stocks fell as a renewed rise in oil prices and elevated Treasury yields revived inflation concerns. Brent crude climbed 4.2% to above $104 a barrel amid heightened worries over Middle East supply disruptions. The benchmark 10-year U.S. Treasury yield hovered around 5.29%, near its highest level since 2002. Amazon, Tesla and Nvidia fell 0.3% to 1.3%, while the Dow Jones Industrial Average was down 88.19 points.

U.S. stocks were set to open lower on Thursday as a jump in oil prices and Treasury yields near multiyear highs reignited inflation concerns. Brent crude futures rose above $105 a barrel amid Middle East supply risks, while the 10-year U.S. Treasury yield hovered around 5.32%. Megacap tech shares were broadly weaker, with Amazon, Tesla and Nvidia down between 0.4% and 1%.

Oil prices rose above $105 a barrel, weighing on global equities as Federal Reserve Governor Christopher Waller signaled further interest-rate hikes may be needed to curb inflation. Dow futures fell 400 points, and S&P 500 futures pulled back from record highs. Asian benchmarks ended sharply lower, with India’s Sensex down 1,045 points and the Nifty hitting a 21-month low.

Indian equities fell 1.4% on Thursday to a 32-month low, wiping out more than Rs 10 lakh crore in investor wealth in a single session. Foreign investors have been net sellers for nine straight trading days, offloading $4.8 billion and pushing year-to-date net outflows to a record $30.4 billion, Reuters reported. Pressure also built after the Reserve Bank of India raised its repo rate by 25 basis points to 5.5% on Wednesday and Brent crude jumped 4.2% over a week to $104 a barrel.

European stocks fell on Thursday, with the pan-European STOXX 600 down 0.9% and bank shares sliding nearly 2% to a more than three-month low. Oil climbed more than 3% on continued worries about Middle East supply disruptions, lifting inflation concerns. Investors are looking for fresh policy signals from the European Central Bank, the Federal Reserve and the Bank of England, wary that sticky inflation could limit the scope for rate cuts and weigh on growth.

Indian stocks extended their decline on Thursday, with the Sensex down more than 1,200 points at one stage and the Nifty sliding over 400 points. The move followed the Reserve Bank of India’s surprise 25-basis-point rate hike to 5.50% and a shift in its policy stance from “neutral” to “calibrated tightening,” which dented market optimism. Rising crude oil prices and foreign outflows added to the selling pressure.

Indian shares were likely to open slightly lower on Thursday, extending losses from the previous session after the central bank delivered a hawkish rate hike, while rising oil prices added to...

Asian equities broadly weakened on inflation concerns, with MSCI’s Asia Pacific index down 0.3% as Japan and South Korea fell and mainland China markets reopened after a holiday. Samsung Electronics Co. swung between gains and losses after reporting record profit that still missed estimates. In commodities, Brent crude rose 1% to around $101.20 a barrel, lifted by a report on potential US strike options against Iran and storm-related US output disruptions.

U.S. stocks fell on Tuesday, with the Dow Jones Industrial Average down 503 points, the S&P 500 off 0.6% and the Nasdaq Composite lower by 0.7%. The 10-year Treasury yield rose more than 8 basis points to around 5.356%, the highest level since April 2002. Financial shares led declines, with Goldman Sachs down nearly 3% and Citigroup off more than 2%, while Bank of America, Wells Fargo and JPMorgan each fell more than 1%. Higher oil prices and inflation worries also weighed on sentiment.

U.S. Treasury yields and oil prices rebounded, prompting investors to turn more cautious as the S&P 500 and Nasdaq slipped from record highs. Brent crude climbed back above the psychologically important $100 a barrel mark. The Dow fell more than 470 points, while eight of the S&P 500’s 11 sectors traded lower led by materials and industrials. Energy and healthcare edged higher.