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Stocks declined for a fourth consecutive week as rising oil prices and higher Treasury yields weighed on investor sentiment and reduced appetite for risky assets.
The downturn came as continued disruptions to Middle East energy supplies pushed oil prices higher, fueling inflation fears.
At the same time, signs of a weakening labor market and the ongoing U.S.–Israel conflict with Iran complicated the Federal Reserve’s ability to provide clear guidance on monetary policy, adding further pressure on equities.
For the week, the Dow Jones Industrial Average fell by 2.11 percent to 45,577, closing at its weekly low. The S&P 500 dropped by 1.9 percent to 6,506, also closing near its weekly low. The Nasdaq Composite declined by 2.07 percent, while the Russell 2000 fell by 1.68 percent….
The downturn came as continued disruptions to Middle East energy supplies pushed oil prices higher, fueling inflation fears.
At the same time, signs of a weakening labor market and the ongoing U.S.–Israel conflict with Iran complicated the Federal Reserve’s ability to provide clear guidance on monetary policy, adding further pressure on equities.
For the week, the Dow Jones Industrial Average fell by 2.11 percent to 45,577, closing at its weekly low. The S&P 500 dropped by 1.9 percent to 6,506, also closing near its weekly low. The Nasdaq Composite declined by 2.07 percent, while the Russell 2000 fell by 1.68 percent….
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