Dow loses more than 1,000 points on oil price surge
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Stock index futures drift with oil back on rise
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Although the mature stock-driven Dow hitting 50,000 is a milestone on its own, this highly watched index recently achieved a mark that's only been observed six times (including the present) in its nearly 130-year history -- and it's a highly bullish indicator for Wall Street.
The Dow Industrials lost nearly 785 points in Thursday’s sell-off as oil prices leapt. The blue-chip index is on track for its worst week since October.
The Dow Jones Industrial Average briefly dropped more than 1,000 points after the price of oil spiked to its highest level since the summer of 2024.
Traders watched rising geopolitical tensions and worried the U.S.-Iran conflict could go on longer than anticipated.
Dow Jones, S&P 500, and Nasdaq fell as US producer price data fueled inflation worries. Nvidia, Amazon, Salesforce, and Zscaler led tech sector losses.
The Dow Jones Industrial Average surged more than 1,200 points Friday, leading a broader stock-market rebound.
The Dow Jones Industrial Average surged to close above the 50,000 mark for the first time on Friday, a historic moment for the blue-chip index that has outperformed its Wall Street peers this year as investors sought names beyond technology.