Oil Surge Caps S&P 500, Nasdaq Before Earnings Week — SkimNews
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- Oil prices surged and kept the S&P 500 and Nasdaq in check ahead of the week's earnings calendar, with Salesforce gains the one bright spot lifting the Dow
- Micron led tech lower as the S&P 500 opened the week little changed, with bank earnings and upcoming CPI data looming as the next major catalysts for US equities
Why it matters: An oil shock landing in the same week as bank earnings and CPI data gives traders two distinct macro catalysts to digest — a commodity-driven inflation impulse layered on top of the data print that will shape Fed expectations.
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