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Stock impact report

Wall Street falls 1% on Middle East tensions, private credit concerns [Yahoo! Finance]

ConocoPhillips (COP) 
Last conocophillips earnings: 4/30 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
Wall Street's major indexes fell 1% on Thursday, with financial stocks taking a blow, as a surge in oil prices toward $100 a barrel rekindled inflation fears and investors kept a close watch on mounting jitters in the private credit sector. Crude prices jumped after two tankers were set ablaze in Iraqi waters in apparent Iranian strikes, as part of wider attacks on oil and transport facilities across the Middle East. Iranian Supreme Leader Mojtaba Khamenei said the Strait of Hormuz should remain closed as a tool of pressure. S&P 500 airline stocks, highly sensitive to fuel costs, fell 3.4% and are on track for their biggest monthly losses in a year. Cruise operators Norwegian and Royal Caribbean also fell more than 2.5%. Energy companies Occidental gained 3.3% and ConocoPhillips rose over 1.4%. Investors are also scrutinizing the roughly $2 trillion private credit market following a string of credit issues that have surfaced in recent months and Swiss private equity firm Part Show less Read more
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