Stocks Fall as Trade Risks Flare Up; Oil Rallies: Markets Wrap

Global stocks started the new month under pressure as an escalation in global trade tensions and geopolitical uncertainty weakened investors’ confidence. Oil prices jumped.

S&P 500 futures fell 0.4% as European and Asian equities also retreated. Geopolitical strains and a smaller-than-expected OPEC+ production increase set WTI crude on track for the biggest gain since April, rising 4.2% to $63.37 a barrel. The dollar shed 0.5%. Treasury yields rose across the curve.

The latest twists in President Donald Trump’s tariff agenda have heightened market uncertainty, following mutual accusations between the US and China of breaching a trade deal, and Trump’s pledge ...