US Stock Market Plunges as Oil Prices Surge Amid US-Iran Tensions
The US stock market opened the month of September on a bearish note due to increased crude oil prices, higher bond yields, and geopolitical tensions in the Middle East.
The Dow Jones Industrial Average Index fell by 0.35%, while the S&P 500 dropped by 0.36% and the Nasdaq Composite declined by 0.53%.
Technology stocks, including Nvidia, AMD, and Micron, were among the biggest losers, falling around 2% each.