US EditionPublished • loading... • Updated
Wall Street has its worst day since the war with Iran started and crude oil prices rise
Wall Street's major indexes fell up to 2.4% with the S&P 500 down 1.7%, while Brent crude oil climbed nearly 5% amid Iran conflict tensions, pushing inflation and interest rate concerns.
- U.S. stocks slid sharply on Thursday, with the S&P 500 falling 1.7% and the Nasdaq sinking 2.4%, putting major indexes on track for a fifth straight losing week. The Dow Jones Industrial Average dropped 1%.
- Rising oil prices fueled the decline as Iran tightened control of the Strait of Hormuz, which carries one-fifth of global oil. Brent crude climbed 4.8% to $101.89 per barrel, creating a "toll booth" effect for tankers.
- The jump in energy prices pushed the 10-year Treasury yield to 4.41%, increasing borrowing costs for households and businesses. Meta Platforms fell 8.1% and Alphabet sank 3.3% in a landmark social-media addiction trial aftermath.
- President Donald Trump softened his rhetoric Thursday, delaying a threat to "obliterate" Iranian power plants until April 6 to allow more time for talks. Trump stated, "They better get serious soon, before it is too late."
- This sustained downturn marks the longest losing streak in nearly four years, reflecting deep market uncertainty. Apple was an outlier, inching up 0.1%, as investors weigh potential for further economic pain.
Insights by Ground AI
56 Articles
56 Articles
US stocks see worst day since Iran conflict began
Markets appeared skeptical of President Donald Trump’s insistence that the Iran war will end soon. US stocks on Thursday had their worst day since the conflict broke out, while oil prices rose along with US bond yields. The rout came even as Trump said Iran is “begging” to make a deal, but diplomatic progress “seems to be sketchy at best,” one strategist said. Markets have whipsawed over Trump’s conflicting signals of deescalation and aggression…
·New York, United States
Read Full Article
Coverage Details
Total News Sources56
Leaning Left15Leaning Right6Center23Last UpdatedBias Distribution52% Center
Bias Distribution
- 52% of the sources are Center
52% Center
L 34%
C 52%
14%
Factuality
To view factuality data please Upgrade to Premium
