US EditionDow Falls by More than 600 Points as Oil Hits $90 and Weak Jobs Data Add to Market Anxiety
Oil surged 13% to $91.66 per barrel amid Middle East conflict while U.S. February jobs report showed a loss of 92,000 jobs, raising inflation and growth concerns.
- Surging oil and weak jobs pushed markets lower on Friday, with the Dow down 684 points, or 1.43%, and US crude rising 13% to $91.66 per barrel.
- Supply disruptions through the Strait of Hormuz, according to reports, halted flows and caused US crude and Brent prices to surge 36% and 28% this week.
- Weak payrolls and rising fears sent the VIX up 12%, as the jobs data showed a 92,000 loss and the S&P 500 fell 1.32% on Friday.
- Ellen Zentner warned that today's jobs numbers may have put the Fed between a rock and a hard place, while the US dollar index rose 1.4% this week despite falling after the report.
- Market analysts warned that higher oil prices and trade uncertainty could ignite inflation and trigger panic, with Bob McNally warning, `we're about to have a panic moment,' during a Friday interview.
23 Articles
23 Articles
Iran War Sends Oil To $90, Jobs Shock Compounds Fears: This Week On Wall Street - Carnival (NYSE:CCL), Delta Air Lines (NYSE:DAL)
Oil prices near $90 as the Hormuz crisis disrupts supply, sending airline and cruise stocks like DAL, RCL and CCL sharply lower amid weak jobs data.
Dow falls 450 points, US oil surges to $90 as Trump demands Iran surrenders
US oil prices surged to $90 a barrel on Friday after President Trump demanded unconditional surrender from Iran – fueling fears of a lasting conflict that Qatar’s energy minister warned could “bring down the economies of the world.”
By John Towfighi, CNN. The US-Israeli trade war with Iran rattled markets this week, sending oil prices to their biggest weekly gain in futures trading history and triggering a sell-off in stocks worldwide. US stocks closed lower on Friday as soaring oil prices and weaker-than-expected jobs data added to the anxieties sweeping through the markets. The Dow Jones Industrial Average fell 453 points, or 0.95%, recovering some of its losses after plu…
By John Towfighi, CNN. US stocks fell on Friday, with major indexes on track for weekly losses, as rising oil prices and worse-than-expected jobs data fueled growing concerns in the markets. The Dow Jones Industrial Average dropped 684 points, or 1.43%, recovering some losses after plunging nearly 950 points after the market opened. The S&P 500 fell 1.32%, and the tech-heavy Nasdaq Composite slumped 1.2%. Wall Street's fear gauge, the VIX, climb…
MyCentralOregon.com
Dow drops 650 points as Iran war sends oil prices surging
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City. (Photo by Spencer Platt/Getty Images) (NEW YORK) — The Dow Jones Industrial Average plummeted more than 650 points in early trading on Friday as the Iran war continued to spike oil prices. The Dow fell 657 points, or 1.3%, while the S&P 500 dropped 1.2%. The tech-heavy Nasdaq declined 1%. In a post on social media on Friday morning, President Donald Trump appeared …
The US stock exchanges are slipping back to the bottom due to the war in Iran. The labour market is weakening and the oil price is rising sharply. According to figures and forecasts, GoPro and Gap are breaking down significantly.
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