Dow Jones Today | US Stock Market Highlights: US Stocks extended their losses on Friday (March 20) as tensions between the US, Israel and Iran persisted, driving a sharp surge in oil prices. The Dow Jones Industrial Average fell 446.51 points, or 0.97%.
Dow Jones Today | US Stock Market Highlights: US Stocks extended their losses on Friday (March 20) as tensions between the US, Israel and Iran persisted, driving a sharp surge in oil prices. The Dow Jones Industrial Average fell 446.51 points, or 0.97%.
The S&P 500 declined 1.51%, while the Nasdaq Composite dropped 2.01%. The small-cap Russell 2000 entered correction territory, marking a 10% fall from its recent peak, with the Dow and Nasdaq also nearing similar levels.
The moves come after Iran and Israel exchanged strikes overnight, while the former also launched new attacks against energy sites in the Persian Gulf region. The Wall Street Journal reported, citing US officials, that the Pentagon is sending thousands of additional Marines to the Middle East. CBS News said “heavy preparations” were being made for sending ground troops to Iran.
Watch this space for all the US stock market updates.