US stock markets climb, oil prices fall
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Stocks erase a big early loss
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The U.S. stock market struggled Friday with a disappointing U.S. jobs report and a spike in oil prices amid the Iran conflict. Treasury yields saw their biggest weekly jump since April amid worries over inflation.
Live Updates Oil Price Forecast 1 minute ago Live If Americans think prices at the pump are high now, they may be in for a shock. Energy research firm Rystad Energy predicts that oil could cross the $135 per barrel level in the coming months if the Mideast turmoil fails to let up by then.
Monday was a strong day, to say the least, for memory and storage stocks. Shares of SanDisk (NASDAQ:SNDK), Micron Technology (NASDAQ:MU), and Western Digital (NASDAQ:WDC) all closed sharply higher, delivering a meaningful rebound after a volatile stretch for the sector.
US stock market crash today deepened as the Dow Jones plunged nearly 700 points, the S&P 500 dropped over 1%, and the Nasdaq slid sharply. The trigger is a sudden oil price surge above $100 per barrel,
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Bitcoin prices rebound from oil-fueled retreat, Nasdaq to launch tokenized stocks
Bitcoin price rebounds from oil-fueled sell-off over the weekend. Nasdaq partners with Kraken to launch tokenized equities in 2027.
As of 9:35 a.m. Eastern Time, the S&P 500 fell 1%, the Dow Jones Industrial Average was down 1.2%, and the Nasdaq Composite was 0.8% lower.