S&P 500 Slides, Gold Crashes As $100 Oil Stokes Stagflation Fears: What's Moving Markets Thursday?

Wall Street extended its sell-off Thursday as surging crude prices — driven by Iranian strikes on Gulf energy infrastructure — collided with a more hawkish Federal Reserve, pushing the S&P 500 to its lowest close since mid-November and reigniting stagflation fears. • Newmont stock is taking a hit today. What’s weighing on NEM shares?Speaking alongside Japan’s Prime Minister Sanae Takaichi at the White House, President Donald Trump said Iran is “close to demolished” and the “excursion will be over soon” — b ...