Wall Street falls to its worst drop since the Iran war as the Nasdaq sinks 10% below its record
Stocks on Wall Street fell sharply on Thursday, with the S&P 500 experiencing its worst day since January, as doubts about a possible end to the war with Iran grew. The Dow Jones Industrial Average dropped 469 points, and the Nasdaq composite sank 2.4% to fall more than 10% below its all-time high.
Stocks fell sharply on Wall Street. The S&P 500 slumped 1.7% and the Dow Jones Industrial Average dropped 469 points. The Nasdaq composite sank 2.4% to fall more than 10% below its all-time high. Oil prices rose as fighting continued and thousands more US troops neared the region. The price for a barrel of Brent crude oil climbed 4.8% to settle at $101.89. Benchmark US crude rose 4.6% to $94.48 per barrel. Tech stocks were heavily weighted, with Meta Platforms and Alphabet falling 8% and 3.4% respectively.
This content was automatically generated and/or translated by AI. It may contain inaccuracies. Please refer to the original sources for verification.