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Stocks fall for a second day, but close off session lows as oil surge eases: Live updates
U.S. equities pared losses on Thursday, while oil prices pulled back as Wall Street watched for more developments in the Iran war.
The S&P 500 fell 0.27% and closed at 6,606.49, while the Nasdaq Composite slid 0.28% to end at 22,090.69. The Dow Jones Industrial Average declined 203.72 points, or 0.44%, and settled at 46,021.43. The indexes had made a comeback from session lows, when the Dow was down almost 500 points, or about 1.1%, and the S&P 500 and Nasdaq had fallen around 1% and 1.4%, respectively.
It was the second consecutive losing day for all three major averages.
U.S. West Texas Intermediate crude futures settled down about 0.2% at $96.14 a barrel. Brent crude futures, the international benchmark, advanced roughly 1.2% to settle at $108.65 per barrel, its highest close since July 2022.
Stock market today: Dow, S&P 500, Nasdaq recover from steep losses as oil's surge eases
US stocks cut losses on Thursday as oil prices trimmed gains in afternoon trading on hopes of a deescalation of the conflict in the Middle East.
The Dow Jones Industrial Average (^DJI) ended the day down 0.4%, coming off a bruising session that dragged the blue-chip benchmark to its lowest close this year. The S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) both shed around 0.3%.
Brent (BZ=F) futures dropped as much as 2% as Prime Minister Benjamin Netanyahu said Israel would help the US open the Strait of Hormuz and that the war would end faster than people think. The comments raised hopes of a deescalation of the conflict in the Middle East.
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