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News ReporterB to Economy@lemmy.world · 17 days ago

US stocks today: Dow Jones drops 500 points as oil prices surge despite IEA move to release reserves

economictimes.indiatimes.com

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US stocks today: Dow Jones drops 500 points as oil prices surge despite IEA move to release reserves

economictimes.indiatimes.com

News ReporterB to Economy@lemmy.world · 17 days ago
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Wall Street indexes dropped as investors weighed inflation data and a record crude oil reserve release aimed at curbing soaring energy prices amid Middle East tensions. Despite the IEA's move, oil prices climbed, and equities slipped after Iran's military warned of potential price surges. Investors also pushed back interest rate cut expectations.
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