US Stocks Today: US Stocks End Lower as Iran Tensions Dampen Risk Appetite; Chipmakers Drop
The tech-heavy Nasdaq fell 1.55% as crude prices surged 9.4% and chipmakers sank after Trump revived a blockade on Iranian ports.
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ASX to follow Wall Street higher as US reimposes naval blockade on Iran
The Australian share market is likely to rise in morning trade after some weaker-than-expected US inflation figures boosted Wall Street and reduced the likelihood of the Federal Reserve lifting interest rates. Follow live.
Wall Street ends lower as Iran tensions dampen risk appetite | Honolulu Star-Advertiser
NEW YORK >> Tech shares pulled U.S. stocks lower today after President Donald Trump announced that he would reinstate a blockade on Iranian ports in the latest escalation of U.S.-Iran hostilities that sent oil prices jumping and dampened risk appetite.
US stocks today: US stocks end lower as Iran tensions dampen risk appetite; chipmakers drop
Tech stocks dragged Wall Street lower as escalating US Iran tensions and a renewed blockade lifted oil prices and dented risk appetite. Nasdaq led losses amid chip stock weakness, while energy shares supported the Dow. Investors now await Fed Chair Warsh testimony, inflation data and big bank earnings for directional cues.
Wall Street ends lower as Iran tensions dampen risk appetite; chipmakers drop
Tech shares pulled U.S. stocks lower on Monday after President Donald Trump announced that he would reinstate a blockade on Iranian ports in the latest escalation of U.S.-Iran hostilities that sent oil prices jumping and dampened risk appetite.
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