Dow, S&P 500 and Nasdaq fall for third straight day as oil prices hit $101

The Dow, S&P 500, and Nasdaq have declined for three consecutive days as oil prices reached $101. This surge in oil costs is intensifying inflation concerns, which complicates monetary policy and increases the risk of economic stagnation and market volatility. Additionally, rising yields and fears regarding Fed rate hikes are weighing on Wall Street futures, testing bullish sentiment across the major indices as investors react to the combined pressure of energy costs and interest rates.