Dow Drops 600 Points as Oil Hits 5-Month High — SkimNews
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The Dow dropped more than 600 points as oil prices reached their highest level in five months, dragging down the S&P 500 and marking a volatile end to the week for U.S. stocks.
Why it matters: The sharp drop in the Dow—over 600 points—signals heightened sensitivity to energy prices not seen in months. With oil at a five-month high, investors are reassessing inflation risks, making near-term monetary policy decisions riskier for markets that had priced in stability.
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