US Stocks Decline Amid Middle East Tensions

US stocks surrendered earlier gains in closing trading and declined broadly. Investors are reassessing diminishing hopes for an earlier-than-expected end to the war between the USA and Israel against Iran. On the foreign exchange market, the dollar gained slightly.

You might also like: High Losses at Brokers

Major US Indexes Close with Losses

The Dow Jones index, which includes stocks of 30 leading American companies, fell 0.07 percent and closed at 47,706.51 points. The broader S&P 500 index declined 0.21 percent to 6,781.48 points. The Nasdaq Composite index, which includes many advanced technology sector firms, closed nearly unchanged, rising 0.01 percent to 22,697.10 points.

“The market showed some strength, but now it has lost it all,” said Tim Ghriskey, an analyst at Ingalls & Snyder in New York. “There is significant uncertainty among investors,” he added.

Read more: eToro – Review of a Well-Known Broker

Oil Plunges, Dollar Gains Slightly

Oil prices fell sharply today after climbing to more than three-year highs. US light crude West Texas Intermediate (WTI) lost over 11 percent in closing trading. Iran threatened to continue an oil blockade.

The dollar posted modest gains against other major currencies. Investor interest in riskier assets remained weak due to developments in the Middle East conflict. Around 21:00 CET, the dollar index, which expresses the value of the dollar against a basket of six major world currencies, fell 0.3 percent to 98.91 points. The euro weakened 0.2 percent against the dollar to 1.1612 USD. The American currency also strengthened against the Japanese yen, also by approximately 0.2 percent to 158.02 JPY.

Don’t miss: Wonderinterest Trading Ltd. Review

Source: CTK

author avatar
EditorialTeam
The Trader-Magazine.com EditorialTeam is a collective of certified financial analysts, active traders, and cryptocurrency experts. Our mission is to transform complex market data (forex, equities, indices) into accessible financial education. All content undergoes rigorous, multi-level fact-checking to ensure we deliver only accurate, objective information for your trading and investment decisions.

Top 10 financial instruments for 2022. What will their prospects be in 2023?

The year 2022 has brought countless surprises and obstacles...

Telegram scams: how they work and how to protect yourself

Telegram has become one of the most widely used...

Trump Saved TikTok from a Ban. The App in the U.S. Moves into American Hands

TikTok narrowly avoided a ban in the United States...

Climate Change Poses Major Risks to Financial Markets, Regulator Warns

WASHINGTON — A top financial regulator is opening a...

Golden Brokers Review

Golden Brokers Limited was founded in 2018, it is...

Audi to receive hundreds of millions of dollars in state incentives and grants in Georgia

German luxury carmaker Audi, part of the Volkswagen Group,...

Risk-Off Meaning: How Markets Behave When Investors Seek Safety

When uncertainty spreads across financial markets, investors often shift...

Toyota’s Net Profit Fell in the Quarter, but It Raised Its Full-Year Outlook

Japanese automaker Toyota Motor saw its net profit fall...

Buffer ETFs Explained: What They Protect and What Investors Give Up

Buffer ETFs promise investors a way to participate in...

US stock futures are edging higher, but a negative impact on data centers is expected

Futures on U.S. stocks are edging higher today, having...

Exchange Rates Explained: What Actually Moves a Currency Pair?

Exchange rates influence almost every corner of the global...

Anthropic’s Third-Quarter Loss Narrows to USD 23.29 Billion

Anthropic, the American company and one of the main...

Commodities Market Explained: How Energy, Metals and Agriculture Trade

Oil, copper, wheat and coffee have something in common:...
spot_img