Dow snaps an 8-day winning streak as oil prices spike

[Yo_Mama_Been_Loggin]

Stocks ended lower Monday amid fears that a surge in oil prices after an attack in Saudi Arabia could slow global economic growth.

The Dow lost 142 points in its first decline in nine days. The S&P 500 and Nasdaq shed about 0.3%.

Quincy Krosby, a chief market strategist at Prudential Financial, said “anything that would suggest this is going be painful for the economy” is going to hurt the stock market.

“It’s contained, right now,” Krosby said. “That’s a function of the U.S. increasing its oil production. We are much less vulnerable to outside influences.”

https://www.msn.com/en-us/money/markets/dow-snaps-an-8-day-winning-streak-as-oil-prices-spike/ar-AAHllAm?li=BBnbfcN

Winning baby!!!!

[TheFarseer]

1. 142 points is nothing

Especially after 8 straight days up. It looks to be up tomorrow, although things can change overnight. Don’t plan on the stock market crashing or anything before next November. Who wants that anyway?