Dow closes nearly 200 points lower as oil spikes and October malaise continues: Live updates

Oct. 3, 2024 - CNBC

The S&P 500 fell on Thursday as concerns over Middle East tensions continued worrying investors in the run up to September's payrolls report. October trading is off to a rocky start as escalating tensions in the Middle East dampen investors' enthusiasm.

U.S.

crude futures rose more than 5%, bringing its week-to-date advance to more than 8% as growing fears tied to the Middle East provided upside pressure. Energy stocks have rallied in tandem, with the S&P 500 sector up about 5.

6% on the week. Around 4 out of every 5 S&P 500 members traded lower, while just 1 out of every 10 stocks in the Dow tracked for gains.

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