[219-2026] Hot Inflation Knocks Tech, Oil Climbs After Aramco Attack

<p>US inflation came in hotter than expected at 3.7 percent, driven by energy costs, sending yields higher and knocking the Nasdaq and small caps down around two percent while defensives held the Dow steady. Oil climbed after an attack on a Saudi Aramco building, BlackRock beat estimates while Bank of America was hit with a 1.2 billion dollar fine, and Dell slid on a downgrade. The DAX saved a small gain as falling gas prices lifted BASF, MTU and Rheinmetall, with Evotec jumping on strong results. Markets are now pricing higher odds of another Fed hike this month. Capital Markets Quickie is your daily stock market recap with Endrit Cela: Wall Street, Europe and Asia in under three minutes, every Tuesday to Saturday morning. Follow the show on Spotify, Apple Podcasts or YouTube so you never miss an episode.</p><p><br></p><p>&gt;&gt;&gt; Follow me on LinkedIn:</p><p>https://www.linkedin.com/in/endrit-cela/</p><p><br></p><p>&gt;&gt;&gt; Follow me on Instagram:</p><p>https://www.instagram.com/endritcela_official/</p><p><br></p><p>Disclaimer for &quot;Capital Markets Quickie&quot; Podcast:</p><p>The views and opinions expressed on this podcast are based on information available at the time of recording and reflect the personal perspectives of the host. They do not represent the viewpoints of any other projects, cooperations, or affiliations the host may be involved in. &quot;Capital Markets Quickie&quot; does not offer financial advice. Before making any financial decisions, please conduct your own due diligence and consult with a financial advisor.</p>