US stocks today: Wall Street in red as crude prices jump; Nasdaq tumbles over 100 points, Dow trades flat
US stocks today: Wall Street fell in red on Monday, as uncertainty over the Middle East conflict intensified after Iran’s closure of the Strait of Hormuz after a brief reopening. Dow Jones…
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US stocks today: Wall Street in red as crude prices jump; Nasdaq tumbles over 100 points, Dow trades flat
US stocks today: Wall Street fell in red on Monday, as uncertainty over the Middle East conflict intensified after Iran’s closure of the Strait of Hormuz after a brief reopening. Dow Jones dipped 10 points to 49,437 while Nasdaq tumbled 100 before recovering to 54 points or 0.2% to 24,413. S&P 500 was also down, slipping 0.1% to 7,119 around 7:40 pm IST.Investor sentiment weakened further as the US-Iran ceasefire approached its expiry, with Iran stating it will not participate in a fresh round of negotiations with the United States."The market mood is very different at the start of the week compared to Friday," said Kathleen Brooks, research director at trading group XTB.Crude oil had dropped on Friday after Iran announced it would allow ships to pass again through the Strait of Hormuz, a key global route through which about one-fifth of the world’s oil and liquefied natural gas flows.