3 weeks ago

Dow Jones Falls Over 450 Points, Snapping Five-Day Winning Run

Dow Jones Falls Over 450 Points, Snapping Five-Day Winning Run
Dow Jones falls over 450 points, snaps five-day winning run as oil prices, yield add pressure · CNBC TV 18

The stock market in the United States had a rough day on Thursday.

A group of big and famous companies called the Dow Jones lost more than 450 points.

That ended a lucky stretch where it had gone up for five days in a row.

One reason investors were worried is that oil prices went up a lot.

Oil became more expensive after news stories said Iran and Oman were thinking about a plan for ships in a very important waterway called the Strait of Hormuz.

The plan would not let ships from the US and Israel travel there, but no one officially confirmed the story.

When oil costs more, some other money things, like bond yields, also go up.

A company called Salesforce lost money because it announced it was changing its leaders.

Meanwhile, a rocket company called SpaceX made money because a rule that stopped people from selling its shares ended.

Everyone is now waiting for a big report about jobs to see how the work world is doing.

Key facts

Dow Jones change
Fell over 450 points
Prior winning streak
Five days, adding over 2,500 points
Salesforce change
Down over 3% on announced leadership change
Brent crude change
Surged over 4.5%, closing above $83 per barrel
10-year bond yield
4.67%
US Dollar index
100
SpaceX shares
Up 6%; over 911 million shares worth over $100 billion unlocked
Non-farm payrolls consensus
83,000 jobs; unemployment steady at 4.2%

Quotes

Houthis

Yemen rebel group

“"killed and injured hundreds of them."”
CNBC TV 18

Sources

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