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Oil Jumps, AI Steadies, Markets React | Eau Claire News

July 13 · 1 min · 434.6 kB
0:00-1:48

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Stocks danced nervously as conflict tensions eased then clarified, sending the S&P 500 dipping and rebounding. Oil surged over 5%, reigniting inflation fears and pressuring central banks to hike rates — a move that could slow growth and hurt equities. Housing and travel stocks took hits from rising fuel costs, while AI giants like Nvidia and Broadcom rallied, with Broadcom’s Apple deal boosting its shares. Treasury yields climbed with oil, while Hong Kong’s Hang Seng index defied the trend, lifted by a booming Chinese AI startup.

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