Tairov Rinat

Rinat Tairov

Editor Oninvest
Wall Street assesses the impact of disrupting Gulf oil supplies / Photo: Unsplash/Brandon Jacoby

Wall Street assesses the impact of disrupting Gulf oil supplies / Photo: Unsplash/Brandon Jacoby

Leading U.S. stock indices declined after the stock exchanges opened on March 5 - the sixth day of the U.S. war with Iran - after rising a day earlier. Oil resumed growth, adding 3% and exceeding $84 per barrel. Investors are tracking not only the state of the energy market, but also fresh data on the labor market, which reduces the chances of further easing of the Fed's monetary policy.

Details

- The main U.S. index, the S&P 500, was falling 0.5 percent in the first minutes after exchanges opened in New York.

- The blue-chip index Dow Jones Industrial Average was losing about 400 points or 0.8%.

- "Technology" index Nasdaq Composite was down 0.4 percent.

- The VIX index, known as the "Wall Street Fear Index" returned to growth and added 2.7%. It is still holding above the psychological level of 20 points, indicating high volatility.

- Brent crude futures were up 3% to more than $84 a barrel.

- Spot gold prices were down about 0.4%.

- Silver was also getting cheaper, down 0.3%.

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