Oil prices experienced a surge following a Ukrainian drone strike that halted loadings at a key Russian port. However, concerns about U.S. demand, fueled by a revised jobs report and rising inflation, limited gains. While attacks on Russian energy infrastructure could curb exports, potential tariffs on India and China, along with increased global supply, added to market uncertainty.
Dow, S&P 500 slip as oil hovers near $100 despite Nasdaq’s record close
The Dow and S&P 500 declined sharply as oil prices rallied near the $100 mark, causing apprehension among investors. However, the Nasdaq soared to a
September 22, 2026