Oil Price Surge Sends Stocks Reeling Amid Inflation Fears

Rising oil prices have sent shockwaves through Wall Street, causing inflation fears and pushing bond yields higher. This has led to a weak start to September for stocks, following a shaky but mostly positive month in August.

The major indices all notched monthly gains in August, but the same concerns that plagued investors last month continue to linger. These worries include stubborn inflation, rising government debt, and the economic impact of global conflicts.

The oil price increase has added to the uncertainty on Wall Street, with every major index feeling the weight of the rising costs.