Economy
US stocks close with biggest gains since May on hopes for end to Iran war
Dow Jones earns 2.49%, Nasdaq 3.83%, S&P 500 2.91%; European indexes also in positive side
US stocks close with biggest gains since May on hopes for end to Iran war
Dow Jones earns 2.49%, Nasdaq 3.83%, S&P 500 2.91%; European indexes also in positive side
US job openings down in February, hires fall to lowest since April 2020
Openings hold at 6.9M, while hires drop nearly 500,000 to 4.8M amid declines in hospitality, construction
US average gasoline price tops $4 per gallon for first time since 2022
Gasoline climbs as surging oil prices, driven by Middle East tensions, lift fuel costs nationwide
Gold tops $4,600 per ounce, gains 2% on safe-haven demand
Bullion climbs as investor demand strengthens amid uncertainty over Federal Reserve outlook, broader geopolitical tensions
Jet fuel prices double amid Strait of Hormuz blockade paralyzing supply flows
Sudden drop in shipping capacity, massive rise in insurance premiums paralyze supply, while jet fuel prices in Europe surge 95% since US-Israel war against Iran began
Cost of Gulf conflict may exceed $50B following disruption in Strait of Hormuz
Mideast conflict has severely disrupted energy exports and regional economies, with Gulf countries facing billions in losses and global markets facing oil supply shocks
