S&P 500, Dow fall on oil-driven inflation fears; Nasdaq flat
By Market Pulse ·
- S&P 500 and Dow drop as oil prices spike amid inflation concerns ahead of Fed meeting.
- Indices: Dow Jones Industrial Average -1.2% to 52,215.16, S&P 500 -0.5% to 7,623.68, Nasdaq 100 flat Yahoo Finance - Energy sector: +2.5% as WTI jumps nearly 4% to settle above $103 TheStreet - Crown Castle (CCI): +9.1% on report SpaceX in talks to access cell towers TheStreet - American Express (AXP): -4% after announcing plan to cut 5% of global workforce TheStreet - Chevron (CVX): +2.4%, ConocoPhillips +3.8% as rising oil prices boost energy firms BNN Bloomberg - CrowdStrike (CRWD): +8.25% in a rebound for cybersecurity stocks Yahoo Finance
Not financial advice. Summarised automatically from the linked news.