Dow Drops 653, Nasdaq Falls 54, S&P 500 Falls 40
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The Dow Jones suffered a strong liquidation this Friday, as the massive sale of technological shares in the previous session moved to other areas of the market
On the 23rd, the Dow Jones Industrial Average on the New York Stock Exchange fell for the first time in four days, closing down 652.82 points at 52,215.16. Concerns over the worsening situation in the Middle East led to a rise in oil prices, and concerns about accelerating US inflation spread, resulting in a surge of selling orders.
Dow Drops 653, Nasdaq Falls 54, S&P 500 Falls 40
Stocks on Wall Street closed broadly lower Friday as oil prices climbed to their highest level in more than four years, ratcheting up pressure on the market. The S&P 500 fell 0.5%, adding to its decline from a day before. The index posted its second-straight weekly loss. The Dow Jones Industrial Average fell 1.2%, and the Nasdaq composite slipped 0.2% after giving up a modest gain. Rising oil prices weighed heavily on the market, where nearly th…
Wall Street stocks closed lower for the week on the back of mounting pressure from rising oil prices, while investors continue to worry about the artificial intelligence trade.
Dow Jones Industrial Average fell 1.23%, S&P 500 lost 0.52% and Nasdaq Composite fell 0.21%
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