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Finance
Dow Jones Drops 1.4% as Trump Declares Iran Deal "Over"
Oil surged and stocks slid after the president's comments at a NATO summit, while semiconductor stocks staged a quiet recovery.
Remember when the biggest market worry was whether Samsung's (OTC: SSNLF) earnings were too good? That was Tuesday, aka ages ago. By Wednesday, investors have moved on to weightier concerns such as whether the United States and Iran are about to resume full-scale hostilities.
President Trump declared the interim cease-fire "over" at a NATO summit in Turkey, and Wall Street took the news about as well as expected. The Dow Jones Industrial Average(DJINDICES: ^DJI) fell 1.4% by 12:27 p.m. ET, bearing the brunt of the sell-off. The S&P 500(SNPINDEX: ^GSPC) and Nasdaq Composite(NASDAQINDEX: ^IXIC) indexes each declined 0.7%.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
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