U.S. stocks fall as oil prices climb more [Investment Executive - News]
Wells Fargo & Company (WFC)
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Source: Investment Executive - News
Stocks are falling sharply on Wall Street Thursday, including a 1,000-point slump for the Dow Jones Industrial Average, as oil prices rise further because of the war with Iran. The S&P 500 sank 1.3% in afternoon trading, coming off a frenetic start to the week that saw financial markets swerve sharply, sometimes hour by hour. The Dow tumbled 1,046 points, or 2.1%, as of 2:04 p.m. Eastern time, and the Nasdaq composite was 1.1% lower. Financial markets are again following the cue of oil prices. They're cranking up the pressure because of worries that a long-term spike could exhaust households' ability to spend, grind down the global economy and push interest rates higher. A barrel of Brent crude, the international standard, rose 4.7% to $85.22 That's up from close to $70 late last week. A barrel of benchmark U.S. crude climbed 8.1% to $80.67. U.S. crude last traded above $80 in August 2024. Oil prices rose after Iran launched a new wave of attacks against Israel, American base
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- Dow drops 1,000 points after oil spikes to its highest price since the summer of 2024 [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
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WFC
Earnings
- 1/14/26 - Miss
WFC
Sec Filings
- 2/27/26 - Form 4
- 2/27/26 - Form 4
- 2/27/26 - Form 4
- WFC's page on the SEC website