Dow closes down 700 points as global oil prices top $100 a barrel
(NEW YORK) -- The Dow Jones Industrial Average closed down more than 700 points on Thursday as global oil prices spiked above $100 a barrel.The Dow plunged 730 points, or 1.5%, while the S&P 500 dropped 1.5%. The tech-heavy Nasdaq declined 1.7%.A selloff hit Wall Street as traders feared economic fallout from a potentially prolonged bout of elevated oil prices amid the U.S.-Israeli war with Iran.Oil markets are suffering a major supply […]
