THE STOCK MARKET'S RECORD-SETTING RALLY CAME TO A HALT AS PERSISTENTLY HIGH OIL PRICES RAISED CONCERNS THAT RENEWED INFL | Hanami
THE STOCK MARKET'S RECORD-SETTING RALLY CAME TO A HALT AS PERSISTENTLY HIGH OIL PRICES RAISED CONCERNS THAT RENEWED INFLATIONARY PRESSURES COULD PROMPT THE FED TO RAISE RATES, PUSHING THE S&P 500 LOWER AFTER IT HAD REACHED A RECORD HIGH, WITH BRENT CRUDE SETTLING NEAR $100 A BARREL AS TRADERS ASSESSED INCREASED IRANIAN ATTACKS ON VESSELS IN THE STRAIT OF HORMUZ ALONGSIDE STEADY MIDDLE EAST OIL FLOWS.