The Dow Jones Industrial Average Dropped 1.79% to 42,197.79, while the s & p 500 declined 1.13% to end at 5,976.97. The Nasdaq Closed 1.30% Lower at 19,406.83.
Ten of the eleven s & p 500 sector indices closed lower, with financials leading the decline, Falling 2.06%, Followed by a 1.5% drop in the information technology sector. Declining Stocks Outnumbered Advancers on the S & P 500 by a ratio of 6.1 to 1.
For the week, the down downs fell 1.3%, The S & P 500 Dipped 0.4%and the Nasdaq Lost 0.6%.
Investor Sentiment Took a Hit after Multiple Explosions WRE REPORTED Over Tel Aviv and Jerusalem, with Sirens Sounding access israel following Missile Launches from Iran. The development is followed israeli striks on nuclear facilities and mesile factories in ran, marking a sharp escalation in midle East tensions.
The us dollar index rose about 0.5% to 98.16, While Us 10-Year Treasury Yields Rose 5.6 Basis Points to 4.413%, as Markets Absorbed a SUDDEN SHOCK to Commode and Stock practices.
Meanwhile, Crude Oil Pries Jumped 7%, Feeding Investor Worries Over a Wider Disruption in Oil Supplies.
Us stocks
Nvidia share price declined 2.1%, Apple Stock Price Lost 1.4%, While Visa and MasterCard Shares Fell More Than 4%Each. Adobe Shares Fell 5.3%, Oracle Shares Jumped 7.7% to a Record High,
Us Defense Stocks Rallied, with Lockheed Martin, RTX Corporation and Northrop Gramman All Gaining Over 3%.
Airline Stocks Fell Amid Rising Fuel Costs. Delta Air Lines Share Price Declined 3.8%, United Airlines Stock Price Plunged 4.4%and American Airlines Shares Shares Dropped 4.9%.
Us energy stocks rose, with exxon share price gaining 2.2% and diamondback energy shares rallying 3.7%.
(With inputs from reuters)
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