Despite a brief paring of losses midday, Wall Street closed the day deep in the red, as a slew of tech earnings failed to impress investors. The Nasdaq and Dow each gave back triple digits for their sixth loss in seven sessions, the latter breaching the key 33,000 level. The S&P 500, meanwhile, logged its ninth loss in 11 days. All three major indexes are trading at their lowest levels since late May
OIL PICK UP ANOTHER LOSS AMID ISRAEL-HAMAS WAR
Oil futures were pressured to their lowest level in two weeks Thursday. The ongoing conflict between Israel and Hamas is causing black gold’s volatility spikes, with investors worried about he potential for stricter export sanctions against Iran, due to their support of Hamas. For the session, December-dated West Texas Intermediate (WTI) crude, shed $2.18, or 2.6%, to settle at $83.21 a barrel. Bullion brushed off concerns around the conflict, with December-dated gold adding $2.50 to settle at $1,997.40 an ounce.More By This Author:Nasdaq Down Triple Digits After #Meta #EarningsNasdaq Clocks Lowest Close Since FebruaryAlphabet Earnings, Rising Bond Yields Drag Nasdaq
