U.S. stock markets are facing significant pressures as oil prices surge above $100 per barrel, contributing to fears of inflation and potential interest rate hikes by the Federal Reserve. Major indices, including the Dow, S&P 500, and Nasdaq, have continued to experience losses, reflecting heightened investor anxiety following a stronger-than-expected producer price index (PPI) report. Futures for major stocks are mixed as market participants await earnings from major companies like Oracle and Adobe. Consequently, rising Treasury yields and the ongoing geopolitical tensions further complicate market sentiment, leading many traders to anticipate a greater likelihood of rate hikes in the near future.