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<US>DJIA Drops 793 Points into Correction Territory; S&P 500 Declines for Fifth Consecutive Week
Recommend 10 Positive 6 Negative 24 |
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The outlook for the Iran conflict remains unclear, leading to a continuous rise in oil prices, and US stocks fell further on Friday. The DJIA plunged nearly 900 points at its lowest, closing down 793 points or 1.7% at 45,166 points, officially entering correction territory with a 10% drop from its previous peak. The Nasdaq also closed down 459 points or 2.2% at 20,948 points, while the S&P 500 Index fell 108 points or 1.7% to 6,368 points, marking a seven-month low. Major tech stocks remained weak, with Amazon (AMZN.US) and Meta (META.US) dropping 4%, and Microsoft (MSFT.US), Alphabet (GOOG.US), and NVIDIA (NVDA.US) falling over 2%. Tesla (TSLA.US) declined 2.8%, and Apple (AAPL.US) fell 1.6%. For the week, the S&P 500 Index fell 2.1%, marking a decline for the fifth consecutive week; the Nasdaq dropped 3.2%, and the DJIA fell about 1%. (sw/t) Auto-translated by third-party software This translation was auto-generated by third-party software. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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