Stock Market Struggles Amid Middle East Tensions

Reported 5 days ago

US stocks fluctuated on October 2, 2024, as investors reacted to rising tensions between Israel and Iran, causing caution in the market. The S&P 500 and Dow Jones were slightly positive, while tech-heavy Nasdaq saw a modest gain. Oil prices surged about 3% due to fears of supply disruptions, while Nike and Tesla shares dropped after disappointing earnings and delivery figures respectively. Additionally, ADP reported stronger-than-expected job growth in September, highlighting a complex economic landscape.

Source: YAHOO

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