Wall Street: US stock markets are trading in the red – tech stocks are weighing on the Nasdaq
The USA and Israel are apparently planning new attacks on Iran, and the rising oil price is also dampening investor sentiment. At the same time, the reporting season is continuing actively.
US stock indexes fell on Thursday, driven by rising oil prices and declining tech stocks. The Dow Jones was down 0.3% at 52,657 points, while the S&P 500 lost 1.3% to 7,654 points and the Nasdaq dropped 2.3% to 26,090 points. Oil prices surged due to fears of supply disruptions amid escalating conflict in the Middle East, with Brent crude up 2.3% to $111 per barrel and WTI up 1.2% to $98 per barrel.
The increase was triggered by Huthi militia attacks on targets in Saudi Arabia, prompting the US to advise diplomats and their families to leave the country.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.