Stocks finished the first day of October in the red, with the Dow and Nasdaq each shedding triple digits as Big Tech suffered steep losses. The major indexes are brushing off yesterday’s record highs for the Dow and S&P 500, as well as quarterly and monthly wins across the board. Tensions in the Middle East weighed on Wall Street, with crude prices jumping in response to Iran’s missile attack against Israel.
OIL PRICES SURGE AFTER IRAN MISSILE ATTACK
Oil prices closed at their highest level in a week after Iran struck Israel with missiles. November-dated West Texas Intermediate (WTI) crude rose $1.66, or 2.4%, to settle at $69.83 per barrel for the day. Gold prices rose as well, as investors turned to the safe-haven asset amid geopolitical conflict. Gold for December delivery was last seen trading at 0.9% higher at $2,690.30.More By This Author:Stocks Stalled By Middle East Tensions Wall Street Logs Best September Since 2019Wall Street Eyes Winning Month, Quarter
