[Breaking] Surge in Oil Prices Fuels Inflation Concerns... All Three Major New York Indices Close Lower
![[Breaking] Surge in Oil Prices Fuels Inflation Concerns... All Three Major New York Indices Close Lower](http://www.asiae.co.kr/news/img_view.htm?img=2025112108183126325_1763680712.png)
On March 3 (local time), all three major indexes on the New York Stock Exchange closed lower as inflationary pressure mounted due to a sharp rise in international oil prices following airstrikes on Iran by the United States and Israel.
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On this day, the Dow Jones Industrial Average ended trading down 403.51 points, or 0.83%, from the previous session. The S&P 500 Index, which is weighted toward large-cap stocks, fell 64.99 points, or 0.94%, while the tech-heavy Nasdaq Index dropped 232.16 points, or 1.02%, compared to the previous session.
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