On Thursday, the Dow Jones Industrial Average closed at a record high, rising 276.31 points, or 0.55%, to 50,285.66, driven by volatility in oil prices and Treasury yields amid ongoing Middle East tensions.
The S&P 500 gained 0.17% to 7,445.72, and the Nasdaq Composite increased by 0.09% to 26,293.10.
Oil markets experienced significant swings, with West Texas Intermediate futures falling nearly 2% to $96.35 per barrel, and Brent crude dropping over 2% to $102.58.
The initial surge in crude prices was fueled by reports that Iran’s supreme leader issued a directive to limit enriched uranium, adding complexity to prospects for resolving the U.S.-Iran conflict.
Source (CNBC)
