US stocks fall as oil tops $117 and investors await Fed and Big Tech earnings

invezz.com (Portuguese) —

US stocks fell Friday as rising oil prices and renewed US-Iran conflict concerns pressured markets, with investors awaiting Federal Reserve decision and Big Tech earnings. Dow dropped 1.25% to 52,209.16. Brent crude closed at $116.85, highest since April, after reports of potential US-Israel attacks on Iran. Energy sector hit record, but consumer sentiment neared historic low. American Express fell over 3% on AI-related workforce cuts. Investors expect Fed to hold rates Wednesday, with about one-third of S&P 500 companies reporting next week including Alphabet, Microsoft, and Amazon. Midterm elections November 3 also monitored.


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