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Oil is back above $100 and dragged the Dow down 652 points

U.S. crude closed above $100 a barrel on Oct 23, 2026, and the Dow fell 1.23%. Here is why an oil jump reaches well beyond energy stocks.

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On Friday, Oct 23, 2026, the Dow Jones Industrial Average closed down 652.82 points, or 1.23%, at 52,215.16. The S&P 500 slipped 0.52% to 7,623.68. The Nasdaq-100 finished roughly flat. Oil was the story at the top of the pile.

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General market information for educational purposes — not investment advice. Figures come from the linked sources.