Dow Jones falls for fifth day as oil prices surge amid U.S. Iran blockade
Updated
Updated · CNBC · Apr 28
Dow Jones falls for fifth day as oil prices surge amid U.S. Iran blockade
11 articles · Updated · CNBC · Apr 28
The Dow dropped 280.12 points to 48,861.81, while WTI crude rose 7.17% to $107.16 per barrel and Brent climbed 6.78% to $118.80.
The Federal Reserve held rates at 3.5%-3.75% with an 8-4 split, the most dissents since 1992, as Chair Powell prepares to step down in May.
President Trump rejected Iran's Strait of Hormuz proposal, maintaining the blockade. Investors await earnings from Alphabet, Amazon, Meta, and Microsoft, with tech sector performance and AI investments under scrutiny.
Will Big Tech's $650 billion AI gamble lead to a historic boom or a spectacular bust?
The world's biggest oil chokepoint is closed. Are we on the brink of a 1970s-style energy crisis?
Stocks are at record highs while gold soars. Has the ultimate safe haven for investors officially changed?
With Iran's economy losing $250 million daily, how long can the world's most critical blockade last?
A new Fed chair promises a 'regime change.' What does this mean for your savings and the economy?
Consumer inflation fears are now worse than the 1970s. Has the Federal Reserve already lost control?