Energy Secretary Chris Wright said Sunday that the “period of elevated energy prices” will be temporary, “but it will not be long,” as the Iran war continued into a second week. Oil and gas prices “shouldn’t go much higher than they are here because the world is very well supplied with oil,” Wright said on … Read more
Stocks opened sharply lower on Friday after new government data pointed to a weakening U.S. labor market and as concerns mount about the impact of the Iran war on the U.S. economy. The S&P 500 fell 83 points, or 1.2%, to 6,747, in early trading, while the Dow Jones Industrial Average dropped 647 points, or … Read more
U.S. stocks slid Thursday and the price of oil continued to climb amid ongoing conflict in the Middle East. After a relatively calm trading session on Wednesday, the price of U.S. crude oil shot higher by more than 7% on Thursday. The international oil benchmark also popped nearly 4%. Stocks resumed a sell-off that started … Read more
BANGKOK — Shares opened sharply higher in Asia on Thursday after a rebound on Wall Street, as South Korea’s Kospi took back the 12% it had shed a day earlier. In Tokyo, the Nikkei 225 jumped 4.3%, to 56,600.44. The Kospi was at 5,702.02 and trading was suspended after the benchmark shot up shortly after … Read more
U.S. stock futures pointed to steep losses on Tuesday as investors eyed threats to world energy supplies from the Iran war. Oil prices surged on worries that the war could clog the global flow of crude. S&P 500 futures are pointing to a decline of 1.5% at Tuesday’s open, while the Dow Jones Industrial Average … Read more
Stock futures plunged and energy prices soared Tuesday as fears spread through global markets that the Iran war may bring prolonged disruption. The reaction came as President Donald Trump indicated the U.S.-Israeli operation may last weeks. Iran’s retaliatory attacks across the Middle East have hit U.S. embassies and Gulf oil facilities and brought shipping through … Read more
Stocks slid on Friday as higher-than-expected inflation data and mounting fears about artificial intelligence’s economic impact weighed on investors. The S&P 500 fell 30 points, or 0.4%, to close at 6,879, while the Dow Jones Industrial Average tumbled 521 points, or 1.1%. The tech-heavy Nasdaq Composite sank 0.9% on the day. The losses followed the … Read more
When you’re no longer working, serious market swings can be genuinely dangerous to your finances. Javier Ghersi/Getty Images The stock market has experienced significant ebbs and flows over the past year, with everything from tech innovations to new federal policies driving volatility, and there have been lots of wins and losses as a result. But … Read more