Dow Jones Tumbles Over 1% as Energy-Driven Inflation and Iran Conflict Rattle Markets
Why did stocks sell off after a promising start? Rising energy prices and a presidential threat changed the market's mood.
Overview
Wednesday started rough, got better, and then worsened again.
The three most popular market indexes started this morning just below breakeven, bounced back slightly in the first couple of hours, and then plunged in unison.
Details
As of 12:12 p.m. ET, the Dow Jones Industrial Average (DJINDICES: ^DJI) and the Nasdaq Composite (NASDAQINDEX: ^IXIC) are down 1.2%. The S&P 500 (SNPINDEX: ^GSPC) is doing slightly better at a 0.9% drop. Last week's steady march to new all-time highs feels distant today.
Source
Originally published at www.fool.com.
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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.