Reported 4 days ago
Stocks slid on Thursday as investors braced for the upcoming jobs report, with the Dow falling 0.4% and the S&P 500 decreasing by nearly 0.2%. Concurrently, escalating tensions in the Middle East spurred a significant 5% rise in oil prices due to fears of supply disruptions related to potential Israeli retaliatory strikes on Iranian oil facilities. The markets are particularly focused on Friday's jobs data, which may indicate cooling in the labor market.
Source: YAHOO