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[Breaking] Wall Street's Three Major Indexes Close Lower Together... Dow Plunges 652 Points as Middle East Tension Sends Oil Prices Surging

The three major indexes of the U.S. stock market in New York closed lower across the board. Escalating military tensions in the Middle East drove international oil prices sharply higher, weighing on the broader market. By index, the Dow Jones Industrial Average finished trading at 52,215.16, down 6

Wooil Shim
Staff Reporter
3 min read
[Breaking] Wall Street's Three Major Indexes Close Lower Together... Dow Plunges 652 Points as Middle East Tension Sends Oil Prices Surging
CBC News

The three major indexes of the U.S. stock market in New York closed lower across the board. Escalating military tensions in the Middle East drove international oil prices sharply higher, weighing on the broader market.

By index, the Dow Jones Industrial Average finished trading at 52,215.16, down 652.82 points (1.23%) from the previous session. The Standard & Poor's (S&P) 500 index also closed at 7,623.68, down 39.75 points (0.52%), while the tech-heavy Nasdaq Composite ended the session at 25,955.34, down 53.52 points (0.21%).

The sharp rise in international oil prices, driven by heightened military tensions in the Middle East, was cited as the main factor behind the day's stock market weakness. The steep climb in oil prices weighed on investor sentiment, leading to broad declines among New York's major indexes.

However, the size of the declines varied by index. The Dow fell more than 652 points, with its decline exceeding 1%, a relatively large drop, while the S&P 500 and the Nasdaq fell only around 0.5% and 0.2%, respectively. Thus, even amid the overall weakness on Wall Street, notable differences emerged in the magnitude of losses among the major indexes.

[This article is intended to provide information for investment reference purposes and does not recommend the purchase or sale of any specific stock. Content may vary depending on market conditions. Investment decisions and any resulting responsibility rest with the investor. AI assistance contributed in part.]

Wooil Shim
Staff Reporter

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