Stocks Slide as Inflation and Geopolitical Worries Weigh on Wall Street

The Dow Jones Industrial Average slid 475.84 points, or 1.24%, closing at 37,983.24. The S&P 500 tumbled 1.46% at 5,123.41. The Nasdaq Composite pulled back by 1.62% at 16,175.09. At one point in the trading session, the Dow was down by nearly 582 points, or 1.51%. The S&P 500 slid as much as 1.75%. Week to date, the broad market index dropped 1.56%, and the 30-stock Dow fell 2.37%. Meanwhile, the tech-heavy Nasdaq is 0.45% lower for the week.

Oil prices continued their rise on reports that Israel is preparing for a direct attack by Iran this weekend, in what would be the biggest escalation of tensions in the region since the outbreak of the Israel-Hamas war last October. U.S. crude settled at $85.66 a barrel after rising above $87. That, coupled with fresh U.S. imports data, added fuel to inflation concerns that have put pressure on the market. “We’re getting further risk off sentiment heading into the weekend.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

European stocks open lower as Wall Street rally takes a breather; Ocado up 4%European markets opened lower Tuesday as investors continue to ponder central bank policy decisions in Europe and the U.S. from last week.
Source: NBCPhiladelphia - 🏆 569. / 51 Read more »

European stocks head for mixed open as Wall Street rally takes a breatherEuropean markets are heading for a lackluster open Tuesday as investors continue to ponder central bank policy decisions in Europe and the U.S. from last week.
Source: NBCPhiladelphia - 🏆 569. / 51 Read more »

Top Wall Street analysts like these dividend stocks for portfolio incomeTipRanks' analyst ranking service highlights Wall Street's best-performing stocks, including Bank of America and PepsiCo.
Source: CNBC - 🏆 12. / 72 Read more »

Wall Street is getting excited about these Chinese stocks — and upgrading three to 'buy'Investment analysts have upgraded at least three U.S.-listed Chinese stocks to buy so far this month.
Source: CNBC - 🏆 12. / 72 Read more »

Here are the stocks Wall Street believes will push the Dow over 40,000Watch these stocks that could be key players in helping the 30-stock Dow reach the 40,000 level.
Source: CNBC - 🏆 12. / 72 Read more »