Dow Jones Plunges 1.18% Amid Oil Price Surge and Tech Woes
The Dow Jones Industrial Average (.DJI) experienced a decline of 628.18 points, or 1.18%, on September 8, closing at 52,786.07.
This fall was attributed to rising oil prices and weakness in big-tech companies such as NVDA, AAPL, MSFT, MU, and NOW.
The Labor Day holiday may have contributed to the market's sentiment, with U.S. stocks declining after the holiday.