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Stocks Retreat on Inflation Concerns and a Weak US Job Market
Barchart - Fri Mar 6, 3:42PM CST
The S&P 500 Index ($SPX) (SPY) on Friday closed down -1.33%, the Dow Jones Industrial Average ($DOWI) (DIA) closed down -0.95%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down -1.51%. March E-mini S&P futures (ESH26) fell -1.39%, and March E-mini Nasdaq futures (NQH26) fell -1.58%.
Stock indexes fell sharply on Friday, with the Dow Jones Industrial Average posting a 3.5-month low amid concern that the war in the Middle East will keep pushing energy prices higher, sparking inflation. Qatar’s energy minister told the Financial Times on Friday that the war in the Middle East could “bring down the economies of the world,” and predicted that all Gulf energy exporters would shut down production within weeks if the war drags on, driving crude oil prices to $150 a barrel.
Stock losses accelerated on Friday on comments from President Trump, who said the US doesn’t want to negotiate an end to the war with Iran, and that “there will be no deal with Iran except unconditional sur... Read more
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Stocks Retreat on Inflation Concerns and a Weak US Job Market Barchart - Fri Mar 6, 3:42PM CST
The S&P 500 Index ($SPX ) (SPY ) on Friday closed down -1.33%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -0.95%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -1.51%. March E-mini...
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