Dow Jones On the present time | US Stock Market Highlights: S&P 500 falls to contemporary low for year on Iran oil disaster, posts third-straight shedding week

Dow Jones On the present time | US Stock Market Highlights: The S&P 500 fell on Friday (March 13), while oil costs prolonged their gains as investors awaited additional developments within the Iran warfare. The worthy-essentially essentially essentially based index shed 0.61%, placing it 5% under its contemporary excessive. The Nasdaq Composite declined 0.93%, while the Dow Jones Industrial Average shed 119.38 aspects, or 0.25%.

The benchmark, which scored a contemporary low for the year on Friday, is headed for a 1.5% loss this week, placing it on disappear to search out its first three-week shedding proceed in about a year. The 30-stock Dow is heading for a 1.9% slide, while the tech-heavy Nasdaq has fallen 1.3% week to this point.

The contemporary rally in oil costs endured on Friday. West Texas Intermediate impolite futures settled up 3.11% at $98.71 per barrel. Brent futures settled larger by 2.67% at $103.14 a barrel. Brent had closed above $100 for the first time since August 2022 on Thursday.

Explore this dwelling for all the LIVE US stock market updates.