Thursday saw a decline in stocks as investors remained tense ahead of September’s payroll report due to worries about hostilities in the Middle East.
At 42,011.59, the Dow Jones Industrial Average finished 0.44% lower, down 184.93 points. The S&P 500 finished at 5,699.94, down 0.17%.
A gain of over 3% in Nvidia helped to limit downside pressure, resulting in the Nasdaq Composite finishing the day down 0.04% at 17,918.48. As investor enthusiasm wanes due to mounting tensions in the Middle East, October trade is off to a rough start.
Investors are bracing themselves for more uncertainty as Israel begins a ground operation into Lebanon, following a sharp decline in markets on Tuesday following Iran’s missile attack on Israel. Crude futures in the US increased by more than 5%. That drove its progress so far this week.
Source (CNBC)
