US stocks hit two-week low as caution reigns over West Asia tensions

Quick Summary:

Both stocks weighed heavily on the Consumer Discretionary sector, which was at the bottom with a 1.2 per cent loss.

Markets were wary as Israel and the US vowed to strike back after Iran attacked Israel on Tuesday, following which the S&P 500 and the Nasdaq logged their biggest one-day drops in nearly a month.

Oil prices climbed more than 3 per cent as traders priced in possible supply disruptions from the oil-rich Middle East.

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Article Details

Category: BusinessFinance

Markets: IndiaIsrael

Topics: West Asia conflict US stock market Nasdaq

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-02 @ 23:26:34 (6 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 619 words

Reading Time: 4 minutes read

Sentences: 21 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 22852694

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About Business Standard

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 282 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 6 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #49

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