US stocks fall as oil hits five-month high amid Middle East supply concerns
Briefing by News4U · First published
US markets closed lower Friday as oil prices climbed to their highest level in five months after Houthi attacks in Saudi Arabia.
US stocks closed lower on Friday as oil prices climbed to their highest level in five months after Houthi attacks in Saudi Arabia stoked concern over further disruption to energy supplies from the Middle East. [1] [3] [4]
The Dow Jones Industrial Average fell 652.82 points, or 1.23 percent, to 52,215.16; the S&P 500 lost 39.75 points, or 0.52 percent, to 7,623.68 and the Nasdaq Composite lost 53.52 points, or 0.21 percent, to 25,955.34. [4]
American Express shares fell 3.7 percent after the company raised its profit forecast and announced plans to eliminate five percent of its workforce. The energy sector rose 2.5 percent, hitting a record high. [2] [4]
Sources
- Stock Market News, Oct. 23, 2026: Dow Slides as Oil Prices Climb to Highest in Five Months
WSJ Markets · · Summary only
- Stock Selloff Continues as Oil Surges
WSJ Markets · · Summary only
- U.S. Stocks Fall as Oil Prices Hit Five-Month High
WSJ Markets · · Summary only
- US stocks finish down; all eyes on Fed, oil prices
RTHK Finance · · Excerpt