The Dow and S&P 500 snapped three-day win streaks on Thursday, while the tech-heavy Nasdaq also settled firmly lower as software stocks struggled. Traders ditched private credit stocks after news that Blue Owl Capital (OWL) will restrict investor liquidity after selling $1.4 billion in loan assets. Remarks from President Donald Trump weighed on sentiment as well, after he noted at the first Board of Peace meeting in Washington, D.C. that a decision on whether the U.S. would strike Iran will probably come over the next 10 days.
Gold Edges Lower After Jobless Claims Data
Oil prices moved higher on Thursday amid Iran tensions. This comes as U.S. military forces gather in the Middle East, with a second aircraft carrier on its way to the region. March-dated West Texas Intermediate (WTI) crude added $1.24, or 1.9%, to settle at $71.66 barrel.
Gold prices edged lower, as weekly jobless data pointed to labor market stability ahead of inflation data. April-dated gold futures dropped 0.2% to settle at $4,997.40 per ounce.
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