EconomyStocks Fall as Oil Rally Weighs on Bonds and Fuels Inflation Concerns

A renewed rise in oil prices pulled down stocks and bonds, reviving inflation concerns days before the Federal Reserve’s interest-rate decision. Brent crude topped $116 as escalating Middle East violence threatened global supplies. The S&P 500 fell for a second straight session, while tech selling eased and a chipmaker gauge rebounded, though it remained on track for its longest weekly slide since November.