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S&P 500, Nasdaq fall on Middle East conflict

2023-10-09 22:15
By Shashwat Chauhan and Ankika Biswas The S&P 500 and the Nasdaq fell on Monday as a deepening
S&P 500, Nasdaq fall on Middle East conflict

Wall Street's main indexes dropped at the open on Monday as a deepening conflict between Israel and the Palestinian Islamist group Hamas roiled global markets and pushed investors toward safe-haven assets, while crude prices jumped over 3%.

The Dow Jones Industrial Average fell 147.74 points, or 0.44%, at the open to 33,259.84. The S&P 500 opened lower by 19.48 points, or 0.45%, at 4,289.02, while the Nasdaq Composite dropped 105.12 points, or 0.78%, to 13,326.22 at the opening bell.

(Reporting by Ankika Biswas in Bengaluru; Editing by Shounak Dasgupta)