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Stocks slid again as oil prices spiked on Friday, as the major indexes fell for a third-straight week.
The Dow Jones Industrial Average fell 119 points, or 0.3%. The S&P 500 was down 0.6%. The Nasdaq Composite was down 0.9%. All three marked their lowest close since late November.
The war in Iran was the market’s main driver this week. West Texas Intermediate rose 3.1% to $98.71 a barrel on Friday, while Brent crude oil futures rose 2.7% to $103.14.
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Jakarta: Subsidy bill looms over Prabowo’s growth goals amid oil spike
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