The Dow Jones Industrial Average fell about 300 points, marking a four-day losing streak, as U.S. oil prices climbed above $100 a barrel and Treasury yields rose, according to CNBC.
Key facts
- The Dow fell roughly 300 points, according to CNBC.
- The decline marked a four-day losing streak for the index, per CNBC.
- U.S. oil prices topped $100 a barrel, CNBC reported.
- Treasury yields rose alongside the sell-off, according to CNBC.
U.S. stocks fell Thursday, with the Dow Jones Industrial Average dropping about 300 points and extending its losses to a fourth straight day, according to CNBC.
CNBC reported that U.S. oil prices topped $100 a barrel during the session.
Treasury yields also rose, according to CNBC’s market coverage.
CNBC linked the decline to the moves in oil and bond markets. Further detail on the specific drivers and individual sector performance was not provided in the available reporting.
Why it matters
Rising oil prices and Treasury yields can raise costs for businesses and consumers and make borrowing more expensive, factors that can weigh on stock markets. A multi-day decline in a major index such as the Dow can reflect shifting investor sentiment about the broader economy.
Frequently asked questions
How much did the Dow fall?
According to CNBC, the Dow Jones Industrial Average dropped roughly 300 points.
What drove the stock market lower?
CNBC reported that stocks dropped after U.S. oil prices topped $100 a barrel, with Treasury yields also surging.
How long has the Dow been declining?
The drop marked a fourth consecutive day of losses for the Dow, according to CNBC.