How Major US Stock Indexes Fared Sept. 10

U.S. stocks sank after oil prices jumped back to where they were in May.

The S&P 500 fell 0.6 percent Thursday, its fourth straight loss. The Dow Jones Industrial Average dropped 0.6 percent, and the Nasdaq composite sank 0.7 percent.

Stocks felt pressure as the price for a barrel of Brent crude briefly topped $108 because the war with Iran continues to clog the global flow of crude.

Treasury yields leaped in the bond market on increased worries about inflation, and the 10-year yield jumped to 4.95 percent. That’s up nearly a whole percentage point since the war with Iran began.

On Thursday:

The S&P 500 fell 44.66 points, or 0.6 percent, to 7,591.70.

The Dow Jones Industrial Average fell 316.56 points, or 0.6 percent, to 52,064.10.

The Nasdaq composite fell 171.62 points, or 0.7 percent, to 26,081.72.

The Russell 2000 index of smaller companies fell 30.29 points, or 1 percent, to 2,890.95.

For the week:

The S&P 500 is down 126.90 points, or 1.6 percent.

The Dow is down 1,350.15 points, or 2.5 percent.

The Nasdaq is down 425.27 points, or 1.6 percent.

The Russell 2000 is down 84.70 points, or 2.8 percent.

For the year:

The S&P 500 is up 746.20 points, or 10.9 percent.

The Dow is up 4,000.81 points, or 8.3 percent.

The Nasdaq is up 2,839.73 points, or 12.2 percent.

The Russell 2000 is up 409.04 points, or 16.5 percent.

The views and opinions expressed are those of the authors. They are meant for general informational purposes only and should not be construed or interpreted as a recommendation or solicitation. The Epoch Times does not provide investment, tax, legal, financial planning, estate planning, or any other personal finance advice. The Epoch Times holds no liability for the accuracy or timeliness of the information provided.