Stock market today: Dow drops as Trump's war comments hit stocks; oil surges (live coverage)
The US stock market experienced a significant decline on Thursday, with the Dow Jones Industrial Average dropping over 1.5% due to escalating tensions in the Middle East and rising oil prices. The conflict has led to concerns about disrupted energy supplies, causing oil prices to surge, with Brent crude futures exceeding $100 per barrel.
US stocks fell sharply on Thursday. The Dow Jones Industrial Average dropped 1.5%, while the Nasdaq Composite and S&P 500 fell 1.7% and 1.5%, respectively. Oil prices rose amid escalating Middle East tensions. Brent crude futures surpassed $100 per barrel. The US labor department reported steady initial jobless claims. The Federal Reserve is expected to hold interest rates steady due to uncertainty around inflation. The conflict in the Middle East continues to disrupt global energy supplies.
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