US stocks open lower as Iran stalemate lifts oil, yields
[NEW YORK] Wall Street’s main indexes opened lower on Tuesday (Aug 18), as diminishing prospects for a peace deal between the US...
On Tuesday morning, August 18th, 2023, Wall Street's main indices opened lower as the chances of a peace agreement between the United States and Iran dwindled. This situation led to an increase in oil prices and pushed government bond yields to record highs. The Dow Jones Industrial Average experienced a decline of 105.3 points, or 0.20 percent, bringing the index to 53,354.43 at the opening bell.
The S&P 500 also saw a drop of 45.0 points, or 0.58 percent, settling at 7,700.04. Meanwhile, the Nasdaq Composite suffered a more significant decrease of 298.0 points, or 1.12 percent, to reach 26,346.88.
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