US stocks fell on Wednesday as Brent crude climbed above $100 a barrel, raising fresh inflation concerns and weighing on investor sentiment. The S&P 500, Nasdaq and Dow declined as Treasury yields rose ahead of key US inflation data. Markets are also weighing the possibility of a Federal Reserve rate hike next week.

(Bloomberg) -- US stock futures fell in cautious trading as an escalation in the Middle East pushed oil prices higher, adding to an already difficult inflationary backdrop.

Stock market today: Dow falls 511 points as oil nears $100, inflation fears rise and US-Iran tensions weigh on Wall Street and global stocks. | Business News

European markets declined as investors awaited crucial US inflation stats, while escalating Middle East tensions propelled oil prices upwards, reigniting global inflation fears.…