Brent Tops $99 as Wall Street Falls — SkimNews
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- Stock futures were little changed after the market’s prior losing session, according to the live-update headline.
- Brent crude topped $99 per barrel, while Wall Street fell on elevated Federal Reserve rate-hike bets, higher oil prices and a slump in health shares.
Why it matters: For equity investors, the session was marked by a Wall Street decline as Brent crude topped $99 per barrel and elevated Federal Reserve rate-hike bets coincided with higher oil prices. Health shares also slumped, so the reported market weakness was not confined to one stock or sector.
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