Stock market today: Dow plummets, S&P 500 and Nasdaq fall as oil surges to highest levels since 2024
Data released by the Labor Department showed that 213,000 people filed initial jobless claims in the week ended Feb. 28.
The count of claims, steady from the previous week’s revised level, was below economist expectations of 215,000 initial claims. The labor market signal comes ahead of Friday’s critical February jobs report.
Read MoreRising Oil Prices Pressure US Stocks as Bernstein Warns on Energy Equity Risks
Bernstein analyst Bob Brackett said oil equities have gained this year for three main reasons: their sensitivity to oil prices, investor rotation into the sector, and geopolitical risk premiums. He also said those same forces can reverse and push the sector lower.
The first risk is demand destruction.
» Read more about: Rising Oil Prices Pressure US Stocks as Bernstein Warns on Energy Equity Risks »
Read MoreAsia shares are mixed following Wall Street’s losses, as oil edges lower
HONG KONG (AP) — Asia shares were mixed Friday following a mild retreat on Wall Street, while the price of oil fell more than $1 after reaching the highest level since the summer of 2024.
U.S. futures edged higher as the war with Iran entered its seventh day, with Israeli airstrikes pounding the capitals of Iran and Lebanon.
» Read more about: Asia shares are mixed following Wall Street’s losses, as oil edges lower »
Read MoreSolana (SOL) ETFs Continue Attracting Institutional Money Despite 57% Price Drop
Key Takeaways
- SOL has declined 57% since US-based Solana ETFs debuted in July, currently trading around $88
- Despite price weakness, Solana ETFs have attracted $1.5 billion in net inflows with minimal redemptions
- Institutional investors account for 50% of total ETF capital inflows
- February 2026 saw Solana process a record-breaking $650 billion in stablecoin transactions
- The network now ranks second only to Ethereum in USDC supply across all blockchains
While Solana’s token price has experienced significant pressure since its exchange-traded fund launch in the US,
Read MoreThe Biggest Risk to Nvidia Stock That Nobody Is Talking About
Nvidia (NVDA +0.64%) stock has been a major winner during this artificial intelligence (AI) boom — it’s soared 1,300% over the past five years as this story began to develop and gain momentum. This is because Nvidia offers the key product necessary for AI to take shape: the AI chip.
» Read more about: The Biggest Risk to Nvidia Stock That Nobody Is Talking About »
Read MoreThe Burst
Best Trader Ever Says AI Will…
Stanley Druckenmiller is arguably the best trader in the world not because of the 30% returns he posted annualized on average over 30 years but because during that time frame he never had a losing year.
It would be nice to invest alongside him but those days are gone, because he now manages a Family Office only,
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Read MoreThe Ivy
Is This Insane 14.9% Dividend Yield Safe?
Dividends have historically been an extremely important factor in investors’ overall returns in the stock market, providing liquid income and creating opportunities for growth through reinvestment.
Today, though, soaring stock prices associated with expectations of high future growth have sent dividend yields well below their historical averages. The S&P 500 today yields just 1.2%,
» Read more about: Is This Insane 14.9% Dividend Yield Safe? »
Read MoreThe Spotlight
1 Weird Buffett Stock You Won’t Want To Miss
So far this year, Warren Buffett has made massive energy bets, including his continued investment in Occidental Petroleum (OXY). The billionaire’s relationship with this once-troubled energy company began in 2019 and now looks like a long-term play.
What was once an opportunistic buy has turned into a significant partnership.
» Read more about: 1 Weird Buffett Stock You Won’t Want To Miss »