Market Highlights

A rally in oil prices sent stocks and bonds lower, fueling concerns about higher interest rates just days ahead of key inflation data . Brent crude approached $100 , extending gains on a report that several explosions were heard from the anchorage area of Iran’s Kharg Island . The S&P 500 fell for a second straight session . The Dow Jones Industrial Average lost about 1%. Treasury yields advanced . Money markets priced in an over 50 % chance of a Federal Reserve rate increase this month.