Dow -1.23% vs S&P -0.52% on oil spike: Dow fell 2.4x as hard, Brent-WTI gap $13.45
The Dow fell 653 points (1.23%) to 52,215 today as Brent crude jumped 3.1% to $116.72 after Houthi attacks in Saudi Arabia.
The Dow fell 2.4x as hard as the S&P 500 (down 0.52%) and the Nasdaq barely moved. An oil day more than a tech day. With the Fed and Big Tech earnings next week, $117 oil is my number to watch.
https://x.com/_Investinq/status/2113735086306742417
Sources: @MarketWatch: Dow ends 650 points down, S&P 500 and Nasdaq fall as oil prices hit 6-month high · @BullTheoryio: S&P 500 and Nasdaq closed the week at lowest level in 3 months, Brent above $117
Not financial advice. For informational and educational purposes only.
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