Market Recap Week Ending 12/8

U.S. equities extended their slide, with the S&P 500, Dow, and Nasdaq finishing modestly lower as wholesale inflation stayed firm and Treasury yields leapt, while oil’s return to three digits kept price anxiety alive. Breadth was weak—materials led declines—though communication services and staples held up better than most.

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A renewed surge in crude and a rebound in Treasury yields kept a lid on equities after the bell, with energy the lone bright spot while growth-heavy and rate‑sensitive corners lagged.

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Wall Street eased after the long weekend as another jump in crude pushed long-term Treasury yields to cycle highs, rekindling inflation and Fed-hike worries.

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