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<US>DJIA Plunges 1,162 Pts Once, Closes Down 784 Pts; Microsoft, Amazon Soar against Mkt
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Concerns over the Iran war intensified again, pushing New York oil futures above USD80 per barrel at one point, and leading to a sell-off in US stocks on Thursday. The DJIA tumbled incessantly, down as much as 1,162 points or 2.4% at its lowest, and eventually closed down 784 points or 1.6%, at 47,954. The Nasdaq's downswing was relatively mild, ending down 58 points or 0.3%, at 22,748. The S&P 500 finished down 38 points or 0.6%, at 6,830. Traditional stocks were subdued, with Boeing (BA.US) down 2.3% and Caterpillar (CAT.US) 3.5%. Banks JP Morgan (JPM.US) and Morgan Stanley (MS.US) sagged 2-3%. The US plans to tighten AI chip export controls, requiring companies like Nvidia (NVDA.US) to obtain government approval before shipping globally. Nvidia closed up 0.2% after fluctuations, while Micron (MU.US) and AMD (AMD.US) lost about 1%. Techs traded mixed, with Apple (AAPL.US) and Meta (META.US) down about 1%, and Microsoft (MSFT.US) up 1.4% against the market trend, and Amazon (AMZN.US) also up 1%. AASTOCKS Financial News Website: www.aastocks.com |
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