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DOW JONES TOP MARKETS HEADLINES AT 7 PM ET : U.S . STOCKS FALL AS OIL PRICES HIT FIVE - MONTH HIGH | MOODY ...
U.S. stocks fall as oil prices hit five-month high.
Context
What happened: U.S. stocks declined as Wall Street continued its move toward less risky investments and oil prices climbed to their highest level in five months.
Key numbers: University of Michigan headline index 48 in October, down from 48.1 in September. Oil at a five-month high. Fed rate decision due in the week ahead.
Why it matters: Oil's rise reflects market concern about renewed U.S.-Iran hostilities and further attacks on Saudi energy infrastructure. Treasury yields rose as investors sought safety from turmoil in French government bonds.
Coverage: 3 outlets in 24h
What changed
U.S. stocks declined as Wall Street continued its move toward less risky investments and oil prices climbed to their highest level in five months.
Why it matters
Oil's rise reflects market concern about renewed U.S.-Iran hostilities and further attacks on Saudi energy infrastructure. Treasury yields rose as investors sought safety from turmoil in French government bonds.