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U.S. stocks fall on May 7, Dow drops 313 points as optimism over Iran situation fades

Fri May 8, 2026 8:17 am JST Market

U.S. stocks fell on May 7, with the Dow Jones Industrial Average dropping 313.62 points to 49,596.97, marking its first decline in three sessions. Optimism for a resolution to the Iran conflict faded following reports of multiple explosions near the Strait of Hormuz, prompting profit-taking in major stocks.

Caterpillar and JPMorgan Chase & Co. softened. Snap was sold off, while Whirlpool and Zoetis plunged. Conversely, IBM remained firm, and Albemarle advanced.

The Nasdaq Composite Index fell 32.75 points to 25,806.19, its first decline in three days. Advanced Micro Devices faced pressure from profit-taking, and Amazon.com underperformed. Arm Holdings plummeted. Meanwhile, Microsoft , Tesla , and NVIDIA posted gains, while Datadog surged.

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.

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