U.S. stocks widened in trading on the day as investors shunned risk amid concerns that conflict in the Middle East would reignite inflationary pressures.
The Dow Jones Industrial Average fell 2.5% (12.06 points) to 47,687 points as of 6:25 p.m. Mecca time, on track to record its biggest single-day decline since April 21 of last year.
biggest decline
The S&P 500 Index fell 2.4% to 6,716 points, and the Nasdaq Composite Index fell 2.6% to 22,164 points.
The Russell 2000 U.S. Small Cap Index fell 3.45% to 2,564 points, the index’s biggest decline since April of last year.
Given the inflationary pressures that exist primarily as a result of U.S. tariffs, investors are concerned that rising oil prices will accelerate inflation and complicate the Federal Reserve’s monetary policy decisions.
U.S. stocks widened for the day in trading as investors avoided risk on concerns that inflationary pressures could resurface due to conflict in the Middle East.
The Dow Jones Industrial Average fell 2.5%, or 12.06 points, to 47,687 points as of 6:25 p.m. Mecca time, on track for its biggest single-day decline since April 21.
biggest decline
The S&P 500 Index fell 2.4% to 6,716 points, and the Nasdaq Composite Index fell 2.6% to 22,164 points.
The small-cap Russell 2000 index fell 3.45% to 2,564 points, the index’s biggest decline since April.
With inflationary pressures primarily coming from U.S. tariffs, investors are concerned that rising oil prices could accelerate inflation and subject the U.S. Federal Reserve to monetary policy decisions.
