Worries about the war with Iran sent oil prices back to $100 per barrel and stocks sinking worldwide.
The S&P 500 fell 1.5 percent Thursday and returned to big swings following a couple days of relative calm. The Dow Jones Industrial Average dropped 1.6 percent, and the Nasdaq composite sank 1.8 percent.
The center of action was again the oil market, where the price of a barrel of Brent crude got as high as $101.59. Treasury yields climbed in the bond market on worries about higher inflation and fewer cuts to interest rates by the Federal Reserve.
On Thursday:
The S&P 500 fell 103.18 points, or 1.5 percent, to 6,672.62.
The Dow Jones Industrial Average fell 739.42 points, or 1.6 percent, to 46,677.85.
The Nasdaq composite fell 404.16 points, or 1.8 percent, to 22,311.98.
The Russell 2000 index of smaller companies fell 53.91 points, or 2.1 percent to 2,488.99.
For the week:
The S&P 500 is down 67.40 points, or 1 percent.
The Dow is down 823.70 points, or 1.7 percent.
The Nasdaq is down 75.70 points, or 0.3 percent.
The Russell 2000 is down 36.31 points, or 1.4 percent.
For the year:
The S&P 500 is down 172.88 points, or 2.5 percent.
The Dow is down 1,385.44 points, or 2.9 percent.
The Nasdaq is down 930.01 points, or 4 percent.
The Russell 2000 is up 7.08 points, or 0.3 percent.
The views and opinions expressed are those of the authors. They are meant for general informational purposes only and should not be construed or interpreted as a recommendation or solicitation. The Epoch Times does not provide investment, tax, legal, financial planning, estate planning, or any other personal finance advice. The Epoch Times holds no liability for the accuracy or timeliness of the information provided.
