US EditionOil Prices Leap 7%, US Stocks Slump over 1% on Worries About Crude
- On Friday, Brent crude oil prices jumped 7% to $74.23 a barrel while U.S. stock markets experienced notable declines amid geopolitical tensions.
- The market reaction followed Iran launching ballistic missiles toward Israel after Israel attacked Iranian nuclear and military targets, raising disruption concerns in the narrow Strait of Hormuz off Iran's coast.
- The Dow Jones Industrial Average declined by 769.83 points to close at 42,197.79, while the S&P 500 decreased by 68.29 points to 5,976.97, and the Nasdaq dropped 255.66 points as global markets in Europe and Asia also experienced losses.
- An analyst from Navellier & Associates emphasized concerns about the potential expansion of the conflict to neighboring countries and U.S. military installations in the area, while investors turned to gold as a safer investment, driving its price up by 1.4%.
- These developments suggest risks of sustained higher oil prices and economic disruption if crude supply faces prolonged interference, though some analysts believe volatility may ease without an immediate recession threat.
31 Articles
31 Articles
US Stocks Likely To Rebound After Sharp Decline Amid Israel-Iran Conflict: S&P 500 Historically Moves Higher After Wars, Says Expert - PowerFleet (NASDAQ:AIOT), Digital Turbine (NASDAQ:APPS)
U.S. stock futures were trading higher on Monday following Friday's sharp declines. Futures of benchmark indices were higher in premarket.
Israel’s air strikes against Iran, followed by Islamic Republic retaliation, impacted markets on Friday, pushing operators to seek protection options amid constant doubts about how long the conflict can last. “The escalation between Israel and Iran, including attacks on nuclear and military targets, marks a turning point in Middle East geopolitics and its repercussions are already felt in global markets,” said Tamas Varga, an analyst at the ener…
Sydney Morning Herald
ASX set to slide, Middle East attacks trigger Wall Street slump; Oil prices surge
Oil prices leaped, and stocks slumped on worries that escalating violence following Israel’s attack on Iranian nuclear and military targets could damage the flow of crude around the world, along with the global economy.
Eric Adams blasted for interview with Sneako, banned streamer
Stock futures wavered before Monday’s session as the escalating conflict between Israel and Iran spiked oil prices and raised investors’ concerns about the global economy. Dow Jones Industrial Average futures shed 31 points, or 0.1%. S&P 500 futures lost 0.1%, while Nasdaq 100 futures flickered around flat. WTI crude oil futures surged another 3% Sunday night as trading began to above $75 a barrel. Traders have been closely watching the Middle E…
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