Stock Market Update
03-Apr-25 11:05 ET
Oil prices plunge on growth concerns related to tariff news
Dow -1567.56
at 40657.76,
Nasdaq -984.56
at 16616.49,
S&P -247.99
at 5422.98
[BRIEFING.COM] The major indices are making fresh session lows as selling intensifies. The Nasdaq Composite has dropped 5.6%, nearly 1,000 points.
Growth concerns piqued by larger than feared tariff rates and weakening economic data has impacted oil prices due to worries about lower demand. WTI crude oil futures are down 7.8% at $66.11/bbl.
The price action in oil has weighed down the energy sector, which has plunged 6.1% so far. The only sectors showing larger declines are technology (-6.3%) and discretionary (-6.7%).
