Wall Street slides as Iran tensions push oil higher, stocks fall

lalibre.be (French) —

Wall Street stocks fell Monday as Middle East diplomatic deadlock pushed oil prices higher, with the Dow Jones down 0.42%, Nasdaq down 0.70%, and S&P 500 down 0.45%. President Trump rejected Iran's plan to reopen the Strait of Hormuz within seven days, dashing Friday's hopes for a diplomatic breakthrough. US Treasury yields rose to 5.22%, a 19-year high, as investors demanded higher returns amid inflation concerns. Energy stocks like ExxonMobil and Chevron gained, while airlines and tech firms fell. Meta dropped nearly 4% on profit-taking, though Nvidia announced a record $150 billion share buyback.


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