US Stocks Decline as Crude Oil Prices Surge Past $100 Per Barrel

US Equity Market Update - March 12, 2024

Market Performance

The US equity market opened lower on Thursday, March 12, 2024, as crude oil prices surged to $100 a barrel. This development led to a decline in major US equity benchmarks.

Key Indices

Read also: Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data

• The Dow Jones Industrial Average fell 174.7 points, or 0.37%, to close at 47,242.52.
• The S&P 500 declined 34.9 points, or 0.52%, to close at 6,740.88.
• The Nasdaq Composite dropped 189.5 points, or 0.83%, to close at 22,526.585.