Dow Jones drops 700+ points as oil jumps on Iran war fears; payrolls report next
The Dow Jones Industrial Average fell about 745 points, or 1.5%, to 47,994.03 around midday Thursday as oil prices climbed. Merck and Walmart each dropped roughly 4%, weighing on the price-weighted index. Traders watched for comments from Federal Reserve officials and awaited Friday’s U.S. jobs report. Weekly jobless claims held steady at 213,000.