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Global Markets Rattle as Oil Spikes and U.S. Futures Sink Amid Escalating Middle East Conflict

  Markets are sliding as geopolitical tensions intensify, with U.S. stock futures turning sharply lower and oil prices surging above the $100 mark. Investors are reacting to escalating conflict in the Middle East, which is raising fears of disrupted energy supplies and renewed inflation pressures.  Market Overview Dow Jones futures fell roughly 0.8% , extending a multi‑day downturn. S&P 500 and Nasdaq futures each slipped about 0.6% , paring earlier, deeper losses.  The declines reflect mounting investor anxiety as geopolitical risks overshadow recent economic data. Oil Surges on Supply Fears Crude oil spiked above $100 per barrel before easing slightly. The surge followed Iran’s expanded attacks on energy infrastructure , prompting Iraq to close key oil terminals after tanker strikes.  Higher oil prices are stoking concerns about inflation , complicating expectations for future Federal Reserve policy. What’s Driving the Selloff The widening Mi...
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S&P/TSX Composite Index Rises on Industrial Stocks

 


The S&P/TSX composite index closed up 61.71 points at 20,756.73 on Thursday, January 18, 2024. The index was buoyed by strength in industrial stocks, while U.S. markets rose, more than reclaiming Wednesday’s losses. 

The Dow Jones Industrial Average was up 201.94 points at 37,468.61. The S&P 500 index was up 41.73 points at 4,780.94, while the Nasdaq composite was up 200.03 points at 15,055.65. 

The Canadian dollar traded for 74.05 cents US compared with 73.95 cents US on Wednesday.



 


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