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<US> US Stocks Weaken as US-Iran Tensions Persist; DJIA Leads Losses, Down 360 pts; G Sachs Falls 3% After Results
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US stocks came under pressure on Monday after US President Donald Trump announced a blockade of the Strait of Hormuz. Coupled with the lack of progress in US-Iran weekend peace talks, oil prices surged sharply, weighing on broader market performance. The DJIA fell 360 points, or 0.8%, in early trading, while the Nasdaq dropped 100 points, or 0.5%, and the S&P 500 declined 24 points, or 0.4%. Among individual stocks, G Sachs (GS.US) fell about 3%. Although its latest overall results were solid, weaker-than-expected performance in its fixed income trading business weighed on the share price. Apple (AAPL.US) was the worst performer among the Magnificent Seven, slipping 1%. (me/t) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. 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. Auto-translated by AI AASTOCKS Financial News |
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