Update: Wall Street Falls Intraday as Trump Threatens to Hit Iran Again
(Updates with latest market prices and developments.) US stocks were lower intraday after President Donald Trump threatened additional attacks on Iran, sending oil prices sharply higher. The Dow Jones Industrial Average was down 1.2% at 52,311.4 after midday Wednesday, while the S&P 500 shed 0.4% to 7,473.7. The Nasdaq Composite edged down 0.1% to 25,784.6. Barring energy and technology, all sectors were in the red led by materials. West Texas Intermediate crude oil was up 5.9% at $74.59 per barrel intraday, while Brent jumped 6.5% to $78.99. During a North Atlantic Treaty Organization summit in Turkey on Wednesday, Trump said the memorandum of understanding signed with Iran last month to end the war in the Middle East was "over." The US struck Iran on Tuesday after Tehran attacked three tankers that crossed the Strait of Hormuz. Iran's Islamic Revolutionary Guard Corps hit US military targets across Bahrain and Kuwait in retaliation to Washington's attacks, CNN reported. Trump warned of more attacks on Iran. "We hit them very hard last night," Trump said in Turkey. "We'll probably hit them hard again tonight." "The escalation threatens fragile negotiations aimed at.
(Updates with latest market prices and developments.) US stocks were lower intraday after President Donald Trump threatened additional attacks on Iran, sending oil prices sharply higher.
The Dow Jones Industrial Average was down 1.2% at 52,311.4 after midday Wednesday, while the S&P 500 shed 0.4% to 7,473.7.
The Nasdaq Composite edged down 0.1% to 25,784.6.
Barring energy and technology, all sectors were in the red led by materials.
West Texas Intermediate crude oil was up 5.9% at $74.59 per barrel intraday, while Brent jumped 6.5% to $78.99.
During a North Atlantic Treaty Organization summit in Turkey on Wednesday, Trump said the memorandum of understanding signed with Iran last month to end the war in the Middle East was "over." The US struck Iran on Tuesday after Tehran attacked three tankers that crossed the Strait of Hormuz.
Iran's Islamic Revolutionary Guard Corps hit US military targets across Bahrain and Kuwait in retaliation to Washington's attacks, CNN reported.
Trump warned of more attacks on Iran. "We hit them very hard last night," Trump said in Turkey. "We'll probably hit them hard again tonight." "The escalation threatens fragile negotiations aimed at.