Stocks Fall on Credit, War Jitters as Oil Surges | Closing Bell
February 28, 2026
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10:25Now PlayingStocks Fall on Credit, War Jitters as Oil Surges | Closing Bell
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as posted by the channelWatch comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Bailey Lipschultz, Carol Massar and Tim Stenovec.
Wall Street traders shunned riskier corners of the market, with stocks falling on geopolitical concerns and any issues related to private credit — a key funding source for technology companies. Treasuries climbed at the end of their best month in a year. Oil jumped.
Friday’s drop drove the S&P 500 to its biggest monthly loss since March. Anxiety about an artificial-intelligence bubble resurfaced as OpenAI raised $110 billion. Banks sank, with investors remaining jittery after the recent collapse of a UK mortgage firm. UBS Group AG strategists this week said private-credit default rates could hit as high as 15% if AI sparks an “aggressive” disruption.
The S&P 500 fell 0.4%. The yield on 10-year Treasuries slid five basis points to 3.95%. Oil hovered near $67 a barrel. Gold topped $5,200.
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