Dow Drops 582 Points as Oil Trades Near $100
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The Dow Jones was left 581.84 points (-1.13%) and closed at 50.725.95 . The market stopped dry after breaking records, with the Middle East back at the center of risk. Oil bounced and reopened the ghost: sticky inflation and more...
Dow drops 620 points as oil surge and Iran tensions hit stocks
US stocks closed lower on Wednesday as rising oil prices, climbing Treasury yields, and renewed tensions in the Middle East weighed on investor sentiment, ending the S&P 500's nine-session winning streak.The Dow Jones Industrial Average fell 620.72 points, or 1.21%, to 50,687.07. The S&P 500 declined 0.74% to 7,553.68, while the Nasdaq Composite lost 0.89% to close at 26,853.98.The retreat came after a fresh escalation in the conflict involving …
Dow Drops 582 Points as Oil Trades Near $100
The Dow plunged 581.84 points, or 1.13%, to 50,725.95 as renewed Middle East tensions sent oil prices surging and Treasury yields climbing, prompting a broad market selloff that hit IBM and Salesforce hardest, while AI chip stocks stayed resilient. The post Dow Drops 582 Points as Oil Trades Near $100 appeared first on TechStock².
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