from24/7 Wall St.
3 days agoThe S&P 500's 1.5% Selloff Is Driven By A Few Key Factors
Under the surface of soaring crude prices is the realization that the likelihood of Fed cuts later this year is quickly dwindling. Oil dominated the session. WTI crude has surged 33% over the past week, and Thursday added another 9.7% as Iran's new Supreme Leader Mojtaba Khamenei vowed to keep the Strait of Hormuz closed.
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