Wall Street Opens Lower on Middle East Conflict

Wall Street Opens Lower on Middle East Conflict
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City on July 26, 2023. Brendan McDermid/Reuters
Reuters
Updated:
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Wall Street’s main indexes dropped at the open on Monday as a deepening conflict between Israel and the Palestinian terrorist group Hamas roiled global markets and pushed investors toward safe-haven assets, while crude prices jumped over 3 percent.

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