Wall Street Falls with Climbing in the Middle East and High Oil
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The escalation between the U.S. and Iran, the advance of the Houthis in the Red Sea and a further rise in oil return risk aversion to markets.
Geopolitical unrest in the Middle East sends oil prices above $105 a barrel ahead of Thursday's Wall Street opening. Energy giants rush in pre-trade while tech-heavy Nasdaq 100 futures fall 1.06 percent to 29,136 points. S&P 500 futures retreat 0.42 percent to 7,612 points. The picture is divided ahead of the opening. Oil giants take the lead as prices soar The rise in oil prices is creating clear winners in the energy sector. ConocoPhillips lea…
On Wall Street, stock indexes fell for the third day in a row on Wednesday as the crisis in the Middle East continues to push up oil prices, which could fuel inflation and prompt the US central bank to raise interest rates.
Dow Jones closed by 0.77% and Nasdaq fell by 0.64%
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