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Stocks Churn & Oil Rallies as Hormuz Standoff Enters New Week | Closing Bell
Posted
August 10, 2026
Views
744
Likes
11
Engagement
1.48%
August 10, 2026
744
11
1.48%
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10:03Now PlayingWatch comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with David Gura, Isabelle Lee, Norah Mulinda and Tim Stenovec.
A rally in oil prices left stocks wavering while bond yields climbed, with trader anxiety building just days ahead of key inflation reports.
The lack of a deal to revive the Strait of Hormuz drove Brent crude above $87. Higher energy costs stoked concerns the Federal Reserve will have to raise rates this year despite a labor-market slowdown. Most shares in the S&P 500 fell. Nvidia Corp. sank on news reports that Wall Street giants are working with the chipmaker on a $500 billion AI funding package.
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