The Wall Street Journal reported today: "In recent days, selling pressure in the U.S. stock market has intensified, dragging the S&P 500 index lower for a fifth consecutive week, reaching its lowest level since August, and pushing both the Dow Jones Industrial Average and Nasdaq into correction territory. On Friday, all three major stock indices declined. The Dow dropped 1.7%. The Nasdaq fell 2.1%, while the S&P 500 retreated by 1.7%. Brent crude oil prices surged to $112.57 per barrel, marking the highest closing level since July 2022."
Commentary: Persistent stock sell-offs, consecutive declines across major indices entering correction ranges, and a sharp rise in Brent crude oil prices to nearly two-year highs directly reflect escalating tensions in the Middle East. Heightened risk-aversion sentiment combined with rising energy costs are placing dual pressures on markets. Investors' concerns continue to intensify over inflation resurgence, the outlook for Federal Reserve policy, and spillover risks from geopolitical conflicts. The combination of weakening equities and soaring oil prices underscores that global financial markets and economic uncertainty remain on the rise.
Original source: toutiao.com/article/1860879683980426/
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