Dow drops 1,000 points As Oil Prices Climb More

[Mac1958]

If you're not 100% comfortable with what you're doing with your investments, this would be a good time to be very cautious.

 

[EdwinAMartin]

Yes, but is prices falling on stocks selling at PE ratios of 60-70 to 1 or something really a slump??? More like some people coming to their senses, actually.

 

[The Duke]

If you're not 100% comfortable with what you're doing with your investments, this would be a good time to be very cautious.

Missile-making companies should be going up a bit.

 

[Tommy Tainant]

Brent prices impact WTI prices - supply floats.

These mmppets womt understand that concept.

 

[Captain Caveman]

NEW YORK (AP) — Stocks are falling sharply on Wall Street Thursday, including a 1,000-point slump for the Dow Jones Industrial Average, as oil prices rise further because of the war with Iran.

Stocks drop after oil spikes to its highest price since the summer of 2024 - WTOP News

Stocks are falling sharply on Wall Street as oil prices rise further because of the war with Iran.

wtop.com

The S&P 500 sank 1.3% in afternoon trading, coming off a frenetic start to the week that saw financial markets swerve sharply, sometimes hour by hour. The Dow tumbled 1,046 points, or 2.1%, as of 2:04 p.m. Eastern time, and the Nasdaq composite was 1.1% lower.

Financial markets are again following the cue of oil prices. They’re cranking up the pressure because of worries that a long-term spike could exhaust households’ ability to spend, grind down the global economy and push interest rates higher.

A barrel of Brent crude, the international standard, rose 4.7% to $85.22 That’s up from close to $70 late last week. A barrel of benchmark U.S. crude climbed 8.1% to $80.67. U.S. crude last traded above $80 in August 2024.

Iran has closed the Straits of Hormuz. One fifth of the world's oil is brought the Straits of Hormuz. Price per barre;; is going up , as will the price of gas. Iran closed the Straits during the Iran/Iraq War. Prices will increase at sores as well due the closure. Thanks Trump.

What a stupid op.

 

[bdtex]

Took another beating today: -768.11 (-1.63%)

 

[HikerGuy83]

Took another beating today: -768.11 (-1.63%)

Up to 49,500 yesterday.

Hmmmm.....

Nasdaq at record highs.

MarcATL pissed because he's to lazy to earn enough to invest.

 

[The Duke]

Is Raytheon a buy?
Yeah, not right now. I wouldn't.

 

[HikerGuy83]

What a stupid op.

Do you mean the post or the poster?

Just for clarity because it applies to either.

This didn't age well as the dumbasses who get behind this don't know the market.

Which has been swinging like crazy this past year.

If you were patient and strategic.....you made a lot of money.

Morons like the OP look at it like an EBT card.