Wall Street opens lower as oil slumps, chips and small caps retreat, and energy outperforms
Executive summary: U.S. markets opened under pressure, with the S&P 500, Nasdaq Composite and Russell 2000 all lower in early trade. The sharpest move was in WTI crude, which fell nearly 5.8%, while U.S. energy stocks rose 3.7% and natural gas jumped more than 5%. The setup points to a market led by commodity swings, a softer risk tone in growth shares, and a mixed read-through for inflation-sensitive assets and the dollar. [Continue Reading]
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