The Dow shed triple digits on Thursday, with the S&P 500 and Nasdaq inching lower as well. Oil prices continued to surge, extending a multi-day streak of gains as tensions tensions in the Middle East remained, which have so far made for a rough first trading week of October. Payrolls data is due out tomorrow, just after the release of slightly higher-than-expected weekly unemployment claims.
No End in Sight for Middle East Tensions
Tensions are high between Iran and Israel, pushing crude even higher today as traders weighed the potential disruption of oil production in the region. November-dated West Texas Intermediate (WTI) crude added $3.61, or 5.2%, to settle at $73.71 per barrel.Gold prices settled higher as well as investors continued to turn to the safe-haven asset and eyed Israel’s response to Iran’s attack. Gold for December delivery was last seen up 0.4% to trade at $2,678.20.More By This Author:Stocks Extending October Slump As Oil, VIX PopStocks Settle Near Breakeven After Private Payrolls DataDow Paring Nike Selloff, Oil Price Surge
