US stocks continued to fall: investors are pricing in a "prolonged energy shock"
Brent crude oil slowed at the opening of the US trading session and is trading at nearly $113 a barrel - after an intraday high above $119
Photo: X / NYSE
Major U.S. stock indices fell at the opening of trading on March 19, continuing the previous day's decline. While oil and gas prices remain high amid escalating conflict in the Middle East, Wall Street continues to follow the developments in the war between the U.S. and Israel with Iran, CNBC writes.
Against this background, the Dow Jones Industrial Average fell 0.5% in the first minutes of trading, the broad index of American stocks S&P 500 lost 0.66%, and the technology Nasdaq Composite initially went into negative by 1.3%, but then reduced the fall to 0.97%.
"Markets are starting to factor in a lingering energy shock in prices," Roger Hallam, head of interest rates at Vanguard, said in comments to the Financial Times.
Brent crude oil is trading at almost $113 per barrel, having cut the growth after jumping above $119 during the session. Gas futures in Europe are adding 20% - after an intraday rise of more than 35%.
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