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Tuff-Stuff

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Tuff-Stuff

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Thursday, 10/06/2022 7:38:16 AM

Thursday, October 06, 2022 7:38:16 AM

Post# of 648882
Futures fall as high oil prices stoke inflation worries, Telsa falls

Futures fell on Thursday as rising oil prices exacerbated inflation worries, while high-growth stock Tesla fell on worries over funding for Elon Musk's proposed buyout of Twitter.

Fears of aggressive interest rate hikes by the Federal Reserve have returned to the forefront after a report on Wednesday showed strong U.S. labor demand.

Rate-sensitive growth stocks fell as the yields on the 10-year Treasury note rose for the second day. Twitter Inc , Nvidia Corp (NVDA.O) and Microsoft Corp were down between 0.7% to 1.2% in premarket trading.

Pray for A Pain Free Day!

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