Dow Jones, S&P 500, Nasdaq: US stock markets open in the red – fear of delivery shortfalls drives oil price
The USA and Israel are apparently planning new attacks on Iran, and the rising oil price is also dampening investor sentiment. At the same time, the reporting season is continuing actively.
US stock indexes fell on Thursday, with the Dow Jones down 0.6%, the S&P 500 down 1.4%, and the Nasdaq down 2.2%, as oil prices rose due to fears of supply disruptions amid escalating conflict in the Middle East. The price of Brent crude oil rose 2.7% to $112 per barrel, and WTI crude oil rose 1.9% to $99 per barrel, after attacks by Huthi militants on targets in Saudi Arabia.
Several US companies, including Tesla, Meta, SpaceX, and Netflix, reported quarterly earnings, with Tesla's net profit down 43% and Meta's revenue beating analyst expectations. The number of US initial jobless claims fell to 194,000, below expectations, while the Federal Reserve is expected to raise interest rates further this year.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
