December 4, 2022

It's Market

It's The $ Stock Market $


2 min read

Stocks fall again as banks drop and oil prices rise. The Dow fell nearly 600 points Tuesday, or 1.8%, one day after stocks capped off their second straight month of declines to start the year. The Dow managed to finish off its lows of the day though. The Nasdaq and S&P 500 were also hit hard, with each index falling about 1.6%. Rising oil prices, which spiked nearly 10% Tuesday to above $104 a barrel for the first time in more than seven years, are hurting sentiment. So is the rapid drop in long-term bond yields. The 10-year Treasury rate fell to about 1.7%, the lowest level since early January.

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