Wall Street Closes Down, Affected by Oil and Employment in the United States

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The New York Stock Exchange closed in red on Friday, March 6, weighed by the continued rise in oil prices due to the war in the Middle East, coupled with the fall in employment in the United States.The Dow Jones retreated 0.95%, Nasdaq lost 1.59% and the S&P fell 1.33%.“Energy prices are giving rise to growing concern,” said Innovator Capital Management’s AFP Tim Urbanowicz. Oil prices have skyrocketed by almost 30% this week, to reach levels th…

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The stock market is facing a double whammy. Inflation is threatening while employment is weakening.