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<US>DJIA Finishes Down 73 Pts; NVIDIA Swells 3%; Investors Buy on Dips w/ Overreaction to War
The US-Israel joint military action against Iran prompted instability in the Middle East. US stocks plunged shortly after opening on Monday. However, investors believed the market ...
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<US>DJIA Finishes Down 73 Pts; NVIDIA Swells 3%; Investors Buy on Dips w/ Overreaction to War
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The US-Israel joint military action against Iran prompted instability in the Middle East. US stocks plunged shortly after opening on Monday. However, investors believed the market overreacted to the Iran war and bought on dips, which led to a recovery in the three major stock indices before the market ended.

The DJIA initially plummeted by nearly 600 points, but later narrowed its losses, closing down only 73 points or 0.2% at 48,904. The S&P 500 edged up 2 points to 6,881. The Nasdaq, after dropping 1.6% at one point, ultimately added 80 points or 0.4% to 22,748.

Related NewsUS Feb Retail Sales MoM +0.6%, Above Previous -0.2% and Forecast +0.5%
Investors absorbed some heavyweight tech stocks, with NVIDIA (NVDA.US)      up 3% and Microsoft (MSFT.US)      up 1.5%.

Defense stock Lockheed Martin (LMT.US)      hit a 52-week high, soaring over 3%. Due to the US and Israeli airstrikes on Iran, several oil stocks surged, with ExxonMobil (XOM.US)      climbing 1.1% to a 52-week high and Chevron (CVX.US)      also rising over 1%.
(Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

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