US equities slide, oil hits 5-month high as risk-off grips markets

US equities continue their downward trend, with the Dow Jones falling over 1%, while oil prices surge to a five-month high. The simultaneous equity decline and oil rally suggest inflation concerns and risk-off sentiment, potentially driven by supply-side pressures or geopolitical tensions. The divergence between stocks and commodities signals market stress, with implications for rate expectations and growth outlook.

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