Oil rise and stronger U.S. economy causes Wall St drift

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U.S. stocks drift lower on October 3, 2024, as crude oil prices rise; S&P 500 down 0.4%, Dow Jones down 273 points (0.6%); Brent crude oil up 3.9% to $76.80 following Iran's missile attack on Israel; U.S. economic growth in real estate and services accelerates, surpassing expectations; Fed Chairman Jerome Powell indicates potential interest rate cuts; China discusses economic aid; Levi Strauss shares drop 7.9% despite profit beat; Nvidia shares rise 3.1%; Treasury yields increase, 10-year at 3.82%; international markets mixed with Japan's Nikkei 225 up 2%.

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https://www.newsweek.com/stocks-drift-oil-prices-rise-stronger-economy-1963328