Wall Street drops on oil surge over Strait of Hormuz and US jobs caution

newsbomb.gr (Greek)

Wall Street’s main indexes fell Thursday as surging oil prices over Strait of Hormuz concerns and caution ahead of US jobs data weighed on investor sentiment. Brent crude rose over 4% and US crude over 3% on shipping safety worries. The Dow dropped 0.85%, the S&P 500 fell 0.18%, and the Nasdaq slipped 0.06%. Tech shares weakened after disappointing earnings from AppLovin and Datadog. Investors awaited US employment figures, which could influence Federal Reserve interest-rate expectations. The jobs report is due Friday.


With a significance score of 0.7, this news ranks in the top 96% of today's 33251 analyzed articles.

Get summaries of news with significance over 5.5 (usually ~10 stories per week). Read by 10,000+ subscribers:


Wall Street drops on oil surge over Strait of Hormuz and US jobs caution | News Minimalist