NY Dow falls 374 dollars on the 31st as rising oil prices and higher interest rates weigh on U.S. stocks
The Dow Jones Industrial Average fell 374.09 points from Friday's close to 53,185.90 on Aug. 31 for a second straight decline. Rising U.S. crude oil futures driven by escalating Middle East tensions, combined with higher U.S. long-term interest rates on early rate-hike expectations, weighed on equities.
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The Nasdaq Composite Index also fell for a second straight session, dropping 31.54 points to 26,370.88. Alphabet
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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