Thursday’s stock market decline was somewhat expected given the ongoing Middle East tensions and investors’ anticipation of this week’s September payroll data.
A 0.3% decrease, or 106 points, was seen in the Dow Jones Industrial Average. While the Nasdaq Composite fell 0.4%, the S&P 500 fell 0.2%.
Falling investor enthusiasm and growing Middle East tensions have made October trading difficult so far. On Tuesday, following Iran’s missile attack on Israel, stocks fell precipitously.
An additional round of uncertainty is being anticipated by investors as Israel launches a ground invasion into Lebanon. Oil prices have increased as a result of the mounting fears. The week-to-date increase in U.S. oil futures to 4.6% was achieved with a rise of almost 1.5%.
Source (CNBC)
