Oil Jumps on Tanker Attack, S&P 500 and Nasdaq Fall — SkimNews
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- Oil prices rose after a fresh tanker attack, with crude jumping and reviving inflation worries that pulled equities across the board.
- The Dow, S&P 500, and Nasdaq all ended lower, with futures falling and the S&P 500 and Nasdaq closing down as the crude surge hit stocks.
Why it matters: A single geopolitical event in oil transit quickly translated into broad equity selling, showing how energy shocks can reawaken inflation fears and override other market narratives in a single session.
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