Dow Falls as Oil Tops $100 Amid Fed Rate Hike Bets and Rising Treasury Yields

The Dow Jones Industrial Average is experiencing another tough day as investors weigh the impact of surging oil prices, rising Treasury yields, and growing expectations for a Federal Reserve interest-rate hike.

Brent crude briefly surpassed $100 per barrel on Wednesday, its highest level since July, amid escalating tensions in the Middle East. This has sparked concerns about increased costs for consumers and businesses, potentially making it harder for central banks to bring inflation lower.

The Dow Jones futures are down 0.65%, or around 345 points, while S&P 500 and Nasdaq 100 futures have also declined. The pressure on Wall Street comes as investors await key U.S. inflation data that could influence the Federal Reserve's next policy decision.