March 8, 2026

Wall Street Dives, Oil Surges As Investors Prepare For More Rate Hikes

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Wall Street Dives, Oil Surges As Investors Prepare For More Rate Hikes

 

U.S. stocks tumbled after a stronger-than-expected jobs report locked in expectations that the Federal Reserve is sticking with a steady diet of rate hikes, while supply cuts continued to boost oil prices.