02-Sep-2026      13:53

Soaring crude prices pressure Wall Street

US stocks fell as crude oil prices increased due to heightened tensions in the Middle East. The U.S. military conducted strikes on Iranian targets after Iran attacked commercial ships and fired missiles at American bases. Brent crude futures rose 4% to over $94 a barrel, affecting bonds and stocks. The Dow Jones Industrial Average dropped 419.02 points (0.79%) to 52,766.88, the S&P 500 fell 0.71% to 7,631.47, and the Nasdaq Composite declined 1.03% to 26,099.77.

News source: Capital Market - Live News