US EditionStock Market Today, Mar. 5: Oil Surge and AI Export Fears Drag Down Major Indexes
15 Articles
15 Articles
Although in the previous session we observed some relief, the nervousness was unleashed again within the stock markets, since the investors consider that the conflict in the Middle East could continue and speculate on the possible consequences in terms of monetary policy.This led to a feeling of aversion to the risk that left the Industrial Average Dow Jones with a fall of 1.61 percent, in the entire 47,954.74, second place was the S&P 500 that …
Stock Market Today, Mar. 5: Oil Surge and AI Export Fears Drag Down Major Indexes
The S&P 500 (SNPINDEX:^GSPC) fell 0.58% to 6,829.91, the Nasdaq Composite (NASDAQINDEX:^IXIC) slipped 0.26% to 22,748.99, and the Dow Jones Industrial Average (DJINDICES:^DJI) tumbled 1.61% to 47,954.75 as surging oil prices and Iran-war tensions reignited inflation worries.Market moversNvidia, Lam Research, and Applied Materials retreated after reports of possible new global AI-chip export rules that could require the companies to obtain licens…
The price of oil, which has risen due to the ongoing war in Iran, is not that expensive at all and is at a similar level to a year ago. However, the price of gas may rise more, SEB economic analyst Mihkel Nestor told "Ringvaate".
The Nasdaq began its decline, with the three major indices on the New York Stock Exchange falling on the 5th (local time) amid continued tensions between the United States and Iran, fueled by rising oil prices in the Middle East and Federal Reserve uncertainty. As of 10:30 a.m. on the same day, the Dow Jones Industrial Average was down 643.44 points, 1.32% from the previous day.
Oil prices are rising on Thursday on the sixth day of the Middle East war. ...
The New York Stock Exchange closed down on Thursday, caught up by geopolitical concerns on the sixth day of the Middle East war, with the further surge in oil prices threatening an increase in inflation.
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