Dow Jones, S&p 500, Nasdaq: Us Stock Exchanges End Week in Minus – S&p Loses More than Five Percent Since the Beginning of the War
3 Articles
3 Articles
Both stocks and bonds continue to lose, while the oil price shock continues in the face of growing geopolitical tensions in the Middle East. Gold prices are also under pressure.
The DAX has lost 11 percent of its value since the start of the Iran war. The Dow Jones has lost 7 percent in the same period. Brent crude oil costs $111 per barrel. Unease is also spreading in the bond markets: things are getting uncomfortable.
US stocks took a dive ahead of the weekend. The Dow Jones Industrial Average fell 1.0 percent on Friday to 45,577 points, while the broader S&P 500 was 1.5 percent lower, closing at 6,506 points. The tech-heavy Nasdaq Composite saw an even steeper decline, with its index of the 100 largest companies ending the day down 1.9 percent at 23,898 points. Meanwhile, the much-watched price of oil rebounded sharply: A barrel of Brent crude cost $111.80 a…
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