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

invezz.com (Swedish) —

U.S. stocks closed lower on Friday as rising oil prices and renewed US-Iran conflict fears pressured markets, with the Dow Jones Industrial Average falling 1.25% to 52,209.16. The S&P 500 dropped 0.52% and the Nasdaq slipped 0.21%, while energy prices surged with Brent crude closing at its highest level since April. Investors also braced for a heavy week of corporate earnings and the Federal Reserve's upcoming interest rate decision. Consumer confidence fell near record lows in October, and the 10-year Treasury yield rose above 5%. Major tech companies including Alphabet, Microsoft, and Amazon are set to report results next week.


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