Iran's Strait of Hormuz threat lifts oil, but mixed earnings drag US stocks lower

n-tv.de (German)

US stocks fell Thursday as mixed quarterly results weighed, while oil prices jumped amid Iranian moves to block Strait of Hormuz shipping. The Dow closed 0.9% lower at 53,885; the S&P 500 lost 0.2% and Nasdaq slipped 0.1%. Western Digital tumbled 13% despite strong earnings due to a cautious outlook. Brent crude rose 3.8% to $82.49 per barrel after Iran's parliament committee weighed banning enemy ships from the waterway. Investors awaited US jobs data.


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