Oil surge on Hormuz fears and higher yields pull stocks down before jobs report

au.investing.com

Stocks ended lower Thursday, dragged by rising oil and Treasury yields, as investors awaited the August jobs report for rate direction. Brent crude rose as much as 5 percent amid conflicting reports on a Hormuz deal and Iranian attacks. Meanwhile, rising yields pressured equities, with Friday's employment data seen as pivotal for Fed policy. Elsewhere, SpaceX shares climbed as tradable supply more than doubled on lock-up easing; Samsung and SK Hynix shareholders pressed for larger dividends; and gold stocks advanced on bullion's rebound.


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