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Stock impact report

Dow falls by more than 600 points as oil hits $90 and weak jobs data add to market anxiety [CNN]

Piper Sandler Companies (PIPR) 
Last piper sandler companies earnings: 5/1 08:04 am Check Earnings Report
Company Research Source: CNN
New York — The Dow was down 684 points, or 1.43%, recouping some losses after dropping nearly 950 points after the opening bell. The S&P 500 fell 1.32% and the tech-heavy Nasdaq sank 1.2%. Wall Street's fear gauge, the VIX, jumped 12%. Oil prices continued to climb, hitting their highest level since late 2023: US crude surged almost 13%, to $91.30 per barrel. Brent crude, the international benchmark, gained 9%, to $93 per barrel. US oil was up to $92.60 per barrel and then pared those gains slightly as the US International Development Financial Corporation announced it would insure up to $20 billion in maritime losses resulting from the Middle East conflict. US oil and Brent prices have surged 36% and 28%, respectively, this week as the conflict with Iran has halted the flow of oil through the Strait of Hormuz and caused disruptions to oil producers in the region. US oil prices are on track for the biggest weekly gain on FactSet records that go back to 1983. “Investors have Show less Read more
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