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Dow plunges over 1,000 points as oil spikes on Middle East tensions

On HALO

1 week ago

U.S. stocks plunged on Tuesday as investors eye growing tensions in the Middle East and their potential effects on inflation and global trade.The Dow Jones Industrial Average fell 1,100 points, or 2.25%, while the Nasdaq Composite and S&P 500 fell 2.27% and 2.13%, respectively.Investors feared that the higher oil prices could fuel inflation and complicate central bank policy decisions already strained by tariff-driven price increases.International benchmark Brent crude was up more than 7% at $83 a barrel on Tuesday, while West Texas Intermediate crude climbed over 7.5% to $76 per barrel. W...

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1 week ago
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