Dow falls for fifth week as stocks slide, oil hits $109

📆 12/03/2022 01:26:00
📰 FoxBusiness

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Volatility continues to whipsaw U.S. stocks, which are on track for a losing week.

Gas prices ticked to a fresh record of $4.33, per AAA. Oil prices dipped for the week but remain elevated, with U.S. crude closing at $109 per barrel and Brent crude, the global benchmark, $112.

In stock news, Oracle dipped after third-quarter profits of $1.13 per share fell short of expectations. Revenue rose to $10.5 billion. Salesforce and Microsoft got a nod from Piper Jaffray as preferred cloud investments, SeekingAlpha reported.

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