JUSTTHENEWS (Christina Park) - Stocks rally as easing Middle East tensions push oil prices lower
Falling crude prices provided a boost to U.S. markets, easing inflation worries for airlines and heavy fuel consumers
Falling crude prices provided a boost to U.S. markets, easing inflation worries for airlines and heavy fuel consumers
The Dow Jones closed 1,153 points lower than it opened at, which is a 2.2% drop. The S&P 500 and the Nasdaq Composite also suffered smaller setbacks Wednesday, with the S&P dropping 1.5% and the Nasdaq falling 1.7%.
Oil prices spiked as high as nearly $120 per barrel overnight.
Our business reporter Joe Rennison walks us through three charts to help make sense of the wild swings in the markets this week since the attacks on Iran commenced.
Ross Coulthart wonders whether disclosure around UAPs could crash the U.S. markets due to the discovery of new currencies and energies.