The record
Written from the 1 report below. Nothing here is unsourced.
- US stock indices, including the S&P 500 and Nasdaq, fell for the fourth time in five days as oil prices rose.
- A basket of the so-called Magnificent Seven companies dropped about 1%, with Meta Platforms and Microsoft leading the declines.
- The report links the market weakness to the rise in oil prices, suggesting investors are reacting to cost pressures on big tech stocks.
What to watch next
- Whether oil prices continue to rise and weigh further on stocks
- Whether the S&P 500 and Nasdaq break their recent losing streak
- Whether other Magnificent Seven companies follow Meta and Microsoft lower
Coverage1
1 report
English national1
All filed from India
Named United States · Meta Platforms · Microsoft · Nasdaq · S&P 500
The 1 report is listed beside the record.
Ask this story
Answers cite the reports above, or say they can't.