Episode Details

Stocks edged higher Friday as oil prices dipped for the first time in a week, but Wall Street still faces its second straight losing week — a rare slump since March. The S&P 500 rose 0.4%, the Dow climbed 296 points, while the Nasdaq slipped 0.1% amid tech losses from Micron and Broadcom. Rising oil prices, fueled by Middle East tensions and Iran’s conflict, are straining global supply and pushing inflation higher — forcing the Fed to reconsider rate cuts in favor of possible hikes. American Express fell 5% despite stronger profits, as it ramps up spending to win back elite clients. Bond yields eased, offering some market relief, but investors remain on edge as trade tensions and geopolitical risks continue to ripple through the economy. The Fed’s next meeting will be pivotal — watch for signals on inflation, rates, and how the economy handles rising energy costs.

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