Stocks Decline Amid Job Data Concerns and Rising Oil Prices

Reported 3 months ago

U.S. stock markets are experiencing a decline following an increase in initial jobless claims. Concurrently, oil prices are surging in response to President Biden's comments regarding potential military actions involving Iran, particularly connected to attacks on Israel. The housing market is also feeling pressure as mortgage rates rise, while attention now shifts to the upcoming jobs report that may influence the Federal Reserve's decisions on interest rates.

Source: YAHOO

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