S&P 500 Gains 0.9% as AI Outruns Oil, But Brent at $91 Raises Fed Fears
Wall Street’s risk-on mood pushed the S&P 500 up 0.9% as AI chipmakers Micron and Nvidia staged a powerful recovery. However, Brent crude’s climb to $91.01 and the 10-year Treasury yield’s rise to 4.63% signal that markets are pricing in renewed inflation risks from U.S.-Iran tensions, potentially forcing the Fed to resume tightening.