Stocks fall, oil prices jump
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Many tech stocks fall outside of the traditional definition of value, but this portfolio manager says investors should adapt their thinking.
The West's energy watchdog said on Friday it was ready to release oil stocks should the market experience shortages following Israel's attack on Iran, drawing criticism from rival OPEC which said the statement would only create fear in the market.
ConocoPhillips (COP), Exxon Mobil (XOM): Shares in
U.S. investors have never before had such a large share of their total wealth tied up in the stock market, according to a chart shared by equity strategists at Goldman Sachs Group. That share has risen to 53%,
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European airline stocks tumbled in early trading on Friday after Israel launched widescale strikes against Iran, which pushed the oil price up by 7% and ignited a rush out of risk assets.
U.S. stocks closed lower as investors assessed little progress on trade talks, after jumping in the morning on a cooler-than-expected inflation reading. The Dow Jones Industrial Average fell 1 point to close at 42,865.77, while the S&P 500 Index lost 16.51 points to settle at 6,022.30. The Nasdaq Composite was down 99.11 points, 0.5%, to 19,615.88
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Shares of oil companies and defense contractors rise after Israel launched an attack on Iran’s nuclear facilities.