Stock Market Overview: Dow Dips as Oil Prices Surge amid Middle East Tensions

Reported 3 days ago

The stock market experienced a downturn on Thursday, with the Dow Jones Industrial Average dropping about 0.4% and the S&P 500 falling nearly 0.2%, as investors awaited the impending jobs report. Meanwhile, escalating tensions in the Middle East led to a 5% spike in oil prices, fueled by fears of supply disruptions from a potential Israeli retaliatory strike against Iran. With the monthly jobs data set for release on Friday, market focus remains on the health of the labor market.

Source: YAHOO

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