Wall Street opens lower as Brent crude exceeds $100
after close1 source ↓written by the desknot a recommendation
- prices surged
- 7%
- per barrel
- $100.69
- S&P 500 fell
- 1.2%
- Dow Jones dropped
- 506 points
Wall Street is set to open lower as Brent crude prices surged 7% to $100.69 per barrel, driven by escalating tensions in the Middle East. The S&P 500 fell 1.2%, marking its first back-to-back weekly loss since March, while the Dow Jones dropped 506 points. Rising oil prices may increase operational costs for businesses, impacting consumer spending.
Not investment advice. For informational purposes only.