[Breaking] Brent Crude Nears $100... Dow Closes Down 1.18%
On Kharg Island, a key region for Iran's crude oil transportation, explosions were heard, while intensified clashes between the Iran-backed Houthi rebels and Saudi Arabia drove international oil prices sharply higher. As a result, on September 8 local time, all three major U.S. stock indexes ended lower.
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On this day at the New York Stock Exchange (NYSE), the Dow Jones Industrial Average closed down 1.18% from the previous session. The S&P 500 Index, which is focused on large-cap stocks, dropped 0.58%, while the tech-heavy Nasdaq Index declined 0.32% at the close of trading.
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