Wall Street Ends Lower On Geopolitical Woes
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2018-05-01 HKT 04:42
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Wall Street stocks finished lower overnight as worries about trade conflicts and Iran policy pushed aside positive earnings announcements.The market started the day on a high note following strong McDonald's earnings and a stream of merger announcements, but weakened midday around the time that Israeli prime minister Benjamin Netanyahu accused Iran of lying about its nuclear intentions.
The Dow Jones Industrial Average lost 0.6 percent to close at 24,163. The broad-based S&P 500 dropped 0.8 percent to end the session at 2,648, and the tech-rich Nasdaq Composite Index also shed 0.8 percent to 7,066. (AFP)
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