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Wall Street falls toward its worst week in months as oil jumps

NEW YORK — U.S. stocks slumped Friday after a mixed start to earnings reporting season. Worries about tensions in the Mideast are also sending prices for oil and gold higher, ....

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Analysis-Unraveling US rate cut bets spur investor portfolio shifts

Fears of rebounding inflation are forcing investors to prepare for a scenario few expected to confront in 2024: a year without U.S. interest rate cuts. Expectations for how much policy easing the Federal Reserve can deliver are falling rapidly as one strong economic report after another suggests inflation could come creeping back if the central bank lowers borrowing costs prematurely. Those worries took on added urgency following Wednesday’s robust consumer price data: futures markets now show investors expect rates to fall by just 40 basis points this year, compared to 150 basis points priced in at the start of 2024. ....

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