The Dow Jones slumped 784 points (-1.61%) to 47,954, with Goldman Sachs (GS) losing 3.67%, Caterpillar (CAT) down 3.54%, and Walmart (WMT) down 3.52%.
The S&P 500 slipped 38 points (-0.56%) to 6,830, and the Nasdaq 100 eased 73 points (-0.29%) to 25,020.
Reports said more oil tankers were attacked in the Persian Gulf on Thursday.
And Azerbaijan, an oil-producing country, vowed retaliation after stating that four Iranian drones violated its borders.
U.S. WTI crude futures settled 6.35 dollars higher (+8.51%) at 81.01 dollars a barrel, the highest level since July 2024.
Morgan Stanley (MS) fell 3.00% after reports said the financial services firm may cut about 2,500 jobs or 3% of its workforce.
Moderna (MRNA) retreated 6.87% after surging 16% in the prior session.
Berkshire Hathaway (BRKB) rose 2.65% after disclosing it has resumed buying back its own shares for the first time since 2024. The company’s new CEO said he bought 15 million dollars of the stock himself, equivalent to his annual salary.
Broadcom (AVGO) jumped 4.80%. The chip maker reported better-than-expected quarterly results and gave an upbeat guidance for the current quarter.
Microsoft (MSFT) added 1.35%, extending its rebound to a fourth session.
U.S. Treasuries remained a sell, with the 10-year Treasury yield climbing in a fourth straight session reaching 4.140%.
European stocks returned to the downside, with the DAX 40 falling 1.61%, the CAC 40 down 1.49%, and the FTSE 100 down 1.45%.
Gold retreated 59 dollars (-1.14%) to 5,082 dollars an ounce.The U.S. dollar rose as fears of a prolonged war in the Middle East grew. The dollar rebounded to 99.07.
The latest number of initial jobless claims in the U.S. was stable at 213,000, slightly lower than expected.
The closely-watched U.S. non-farm payrolls and jobless rate for February will be released later today.
EUR/USD fell 26 pips to 1.1607.
USD/JPY gained 52 pips to 157.55.
GBP/USD dipped 16 pips to 1.3356, and AUD/USD was down 66 pips to 0.7007.
USD/CHF added 20 pips to 0.7809, and USD/CAD was up 33 pips to 1.3674.
Bitcoin retreated alongside risk assets, slipping 2% to 71,200 dollars.
Pivot:
77.70
Keutamaan kami:
Long positions above 77.70 with targets at 82.10 & 84.00 in extension.
Senario alternatif:
Below 77.70 look for further downside with 75.60 & 73.30 as targets.
Komen:
The RSI has just landed on its neutrality area at 50% and is turning up.
Pivot:
5140
Keutamaan kami:
Short positions below 5140 with targets at 4995 & 4945 in extension.
Senario alternatif:
Above 5140 look for further upside with 5195 & 5225 as targets.
Komen:
As long as 5140 is resistance, expect a return to 4995.
Pivot:
1.1570
Keutamaan kami:
Long positions above 1.1570 with targets at 1.1630 & 1.1655 in extension.
Senario alternatif:
Below 1.1570 look for further downside with 1.1550 & 1.1530 as targets.
Komen:
The RSI calls for a bounce.
Pivot:
24860
Keutamaan kami:
Long positions above 24860 with targets at 25245 & 25410 in extension.
Senario alternatif:
Below 24860 look for further downside with 24700 & 24530 as targets.
Komen:
The break above 24860 is a positive signal that has opened a path to 25245.
Pivot:
1.3315
Keutamaan kami:
Long positions above 1.3315 with targets at 1.3375 & 1.3400 in extension.
Senario alternatif:
Below 1.3315 look for further downside with 1.3295 & 1.3275 as targets.
Komen:
The RSI advocates for further upside.
Pivot:
54940
Keutamaan kami:
Short positions below 54940 with targets at 53630 & 52800 in extension.
Senario alternatif:
Above 54940 look for further upside with 55650 & 56500 as targets.
Komen:
The index currently faces a challenging resistance area at 54940.