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🇰🇷 South Korea /Economy & Trade

New York stocks close lower as fears of wider Middle East conflict push oil near $100

From Chosun Ilbo · () Korean

Translated from Korean and summarized by DistantNews. Read the original for the full story.

At a glance

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  • The Dow Jones, S&P 500 and Nasdaq all closed lower amid fears that the Middle East conflict could widen.
  • International oil prices approached $100 a barrel, increasing concern that supply disruptions could reignite inflation.

All three major New York stock indexes closed lower as fighting in the Middle East intensified and international oil prices approached $100 a barrel.

Investors worried that disruptions to crude supplies could fuel inflation again. The Dow Jones Industrial Average fell 628.18 points, or 1.18%, to finish at 52,786.07 on Sept. 8.

About this summary

Originally published by Chosun Ilbo in Korean. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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