Wall Street Falls, Middle Eastern Conflict Raises Concerns
7 Articles
7 Articles
American stock indices declined as a result of a bidding exercise on Monday, and investors estimated the inflationary effects of rising oil prices triggered by renewed fighting in the Middle East.
The Dow Jones fell 0.70%, the broader S&P 500 lost 0.33%, while the Nasdaq (-0.12%) limited its losses thanks to a gain in Nvidia (+1.36%). The month was nonetheless positive for the main US stock indices. "The market is down on this last day of August, as the resurgence of strikes between the United States and Iran is driving up crude oil prices and interest rates, triggering profit-taking," summarizes Jose Torres of Interactive Brokers. With …
The New York Stock Exchange ended in decline on Monday, crippled by rising bond rates and oil prices with the resumption of the US-Iran strike trade.
Wall Street begins the month on negative ground, after the major American indices ended August with losses in the last session.
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