Wall Street

Wall Street pulls back after last week’s rally with inflation in focus

Published by
Reuters

By Sinéad Carew and Anisha Sircar (Reuters) – Wall Street’s three major indexes closed lower on Tuesday, following a rally last week, as volatile oil markets kept soaring inflation in focus and investors reacted to hawkish comments from a Federal Reserve official. After outperforming earlier in the session, the S&P’s energy sector lost ground after a report that some producers were exploring the idea of suspending Russia’s participation in the OPEC+ production deal. Federal Reserve policy was also top of mind for investors as U.S. President Joe Biden and Fed Chair Jerome Powell met on Tuesday …

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