Posted 4/4/2024, 11:45:00 PM
Stocks Tumble as Oil Prices Surge on Middle East Tensions
- Stocks fell sharply, with the Dow dropping 530 points, S&P 500 down 1.2%, and Nasdaq falling 1.4%
- Oil prices hit highest level since October, with Brent crude at $90.65 a barrel
- 10-year Treasury yield saw biggest decline in about 2 weeks to 4.308%
- Middle East tensions escalated after comments by Israeli PM Netanyahu on aggressive Iran stance
- President Biden called for immediate ceasefire in Gaza during call with Israeli PM