Dow drops 1,000 points as oil prices climb more
Dow drops 1,000 points as oil prices climb more is drawing significant interest across the industry.
Stocks are falling sharply on Wall Street Thursday, including a 1,000-point slump for the Dow Jones Industrial Average, as oil prices rise further because of the war with Iran. The S&P 500 sank 1.4% Thursday, coming off a frenetic start to the week. The Dow dropped 1,052 points, or 2.2%, and the Nasdaq composite fell 1.3%. Airlines and stocks of smaller U.S. companies tumbled to some of the sharpest losses. Oil prices rallied following the latest escalations in the war. Treasury yields also jumped with worries that higher inflation could keep the Federal Reserve from cutting interest rates.
Experts suggest this could influence future trends and innovation in the sector.
More updates are expected as the story develops.
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