Oil, Iran, and Inflation Shake Markets | Lubbock News

Stocks ended August on a shaky note after U.S. military strikes against Iran sent oil prices soaring and inflation fears mounting—Brent crude jumped 2.7% to $90.49, pushing gas prices above $4 a gallon daily for the first time ever. While the S&P 500 and Nasdaq finished August up, the Dow claimed its fifth straight monthly win, buoyed by energy stocks like Exxon and Chevron. With inflation still stubbornly above target and the Fed hinting at more rate hikes before year’s end, investors brace for tough data ahead: August’s jobs report could reveal whether the labor market is cooling—or spiraling further. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/0350a7f0bc96ab0c