DBI Today: 45.3 (−2.8)
The index dropped sharply to start the week, undoing two weeks of slow gains in a single session. The driver wasn't subtle: Friday's global selloff in stocks, a fresh spike in oil prices linked to the ongoing US-Iran conflict in the Strait of Hormuz, and a sudden repricing of Federal Reserve interest rate expectations from cuts to potential hikes. In plain English, the market spent Friday remembering that an oil shock is still very much in play — and so is the inflation that comes with it.
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