BUSINESSQUARTZ
The Nasdaq just had its worst day in over a year. Now oil is spiking again. Stocks can't catch a break.
The Nasdaq experienced its worst day in over a year as oil prices surged above $92 a barrel due to fresh Iran-Israel strikes. Chip stocks showed recovery in premarket trading despite the market turmoil.
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Adjacent reporting
- Asian shares drop after plunge in Big Tech stocks gives Wall St its worst day in months
- Asian shares drop after plunge in Big Tech stocks gives Wall St its worst day in months
- Oil jumps after fresh U.S. strikes in Iran revive Strait of Hormuz disruption fears
- Stocks fall and oil prices gain after Trump warns the Iran ‘clock is ticking’
- Oil price spike turmoil far from over, IEA says as inventories are depleted at “record pace"
- As oil prices plunge below $91 after weeks, a new Hormuz crisis emerges