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US stocks steady amid oil drop
The U.S. stock market steadied after a decline in oil prices and potential geopolitical tensions, with the Dow Jones showing a small increase of 0.2%, while the S&P 500 and Nasdaq maintained their previous levels. Oil contracts saw a significant drop, as Brent crude fell around 3% to approximately $97 per barrel, and West Texas Intermediate decreased by 2% to over $89, after a sharp decline during Thursday's session and ongoing losses throughout the week. This comes amid expectations of rising tensions between the United States and Iran, which could lead to a potential military escalation. The impact of poor earnings results from companies like Tesla and Alphabet, which experienced weekly losses, continued to weigh on the market, which is now heading toward resuming losses as the final phase of geopolitical escalation unfolds.
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