Live Nasdaq Composite: Markets Pull Back as Oil Jumps on Mideast Strain
The US stock market has pulled back due to rising oil prices and escalating tensions in the Middle East. The Nasdaq Composite has declined by 1.8% and the Dow Jones Industrial Average has fallen by 1.27% as investors seek safe-haven assets.
The US stock market is experiencing a decline due to rising oil prices and escalating tensions in the Middle East. The Nasdaq Composite has fallen by 1.8% and the Dow Jones Industrial Average has dropped by 1.27%. Oil prices have surged past $110 a barrel after President Trump threatened further escalation in Iran. The labor market remains stable, with initial jobless claims falling to 202,000 last week. Major stocks such as Tesla and Amazon are also experiencing fluctuations, with Tesla delivering 358,023 EVs in Q1 2026, falling short of expectations.
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