Another red-hot inflation report pressured Wall Street lower Thursday, with the Dow's dip accelerating in the final hour of trading to close more than 430 points lower -- its worst daily drop in nearly one month. The S&P 500 and Nasdaq also finished in the red, after jobs data fell unexpectedly, spurring worries about the Federal Reserve's future interest rate moves.
OIL FALLS FOR THIRD-STRAIGHT SESSION
Oil futures closed lower for a third-straight session Thursday, as inventories in the U.S. continue to tick higher. Specifically, March-dated crude shed 10 cents, or 0.1%, to finish at $78.49 a barrel.
April-dated gold added $6.50, or 0.5%, to settle at $1,851.80 per ounce for the session, thanks to the an greenback.
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