SPY Stock Sinks 1.3% on Jobs Data and Oil Crisis
SPY ETF drops 1.3% amid weak jobs report and escalating geopolitical tensions pushing oil toward $90.
SPY ETF drops 1.3% amid weak jobs report and escalating geopolitical tensions pushing oil toward $90.
Stock markets tumble as oil prices spike amid US-Iran tensions and Middle East uncertainty threatening global energy supplies.
SPY bounced back Friday as investors cheered a Supreme Court ruling, but lingering economic concerns kept gains modest.
The Dow rallied Friday after the Supreme Court struck down Trump's tariffs, despite disappointing GDP data revealing the economy nearly stalled.
Microsoft's earnings disappointment sent the market tumbling Thursday, with the Nasdaq down 1.6% and the Dow briefly entering new territory.