Wall St opens lower as oil spikes after Trump rejects Iran peace proposal
[NEW YORK] Wall Street opened lower on Monday (Sep 28) after President Donald Trump rejected an Iranian proposal to end the conflict,...
On Monday (Sep 28), Wall Street opened lower as President Donald Trump rejected an Iranian proposal aimed at ending the ongoing conflict, resulting in a surge in crude prices. This development reignited concerns about inflation and contributed to an increase in Treasury yields. The Dow Jones Industrial Average experienced a decline of 180.1 points, or 0.35 percent, at the opening bell, settling at 51,648.48.
The S&P 500 also fell by 21.7 points, or 0.28 percent, closing at 7,721.7, while the Nasdaq Composite dropped 133.0 points, or 0.49 percent, to 26,935.762.
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- US stocks: US market drops as Trump’s rejection of Iran peace plan lifts oil prices economictimes.indiatimes.com
