Commodities
US Stock Markets Plummet Amid Ongoing Middle East Tensions
The New York Stock Exchange in the United States saw its three major U.S. stock indices open lower due to ongoing Middle East tensions.
As of 9:48 a.m. local time on August 8th, the Dow Jones Industrial Average was down 436.54 points or 0.82% at 52,977.71.
The S&P 500 index fell 28.88 points or 0.37% to 7,689.72 while the Nasdaq Composite index dropped 115.68 points or 0.44% to 26,391.31.
Rising oil prices and heightened risk-aversion sentiment contributed to the market's decline.