Options trader Anthony Spina works on the floor of the New York Stock Exchange, Thursday, Aug. 27, 2026, in New York. (AP Photo/Yuki Iwamura)
\n\nA person walks in front of an electronic stock board showing Japan’s Nikkei index at a securities firm Monday, Aug. 31, 2026, in Tokyo. (AP Photo/Eugene Hoshiko)
\n\nStocks closed broadly lower Tuesday as another round of U.S. military strikes on Iran sent oil prices higher, stoking worries about stubbornly high inflation. A bond market sell-off deepened, putting more pressure on stocks.
\n\nThe S&P 500 index fell 0.7%. The Dow Jones Industrial Average dropped 0.8%, and the Nasdaq composite slid 1%. The major indexes have lost ground three days in a row.
\n\nThe weak start to September follows a shaky but mostly positive month for Wall Street. Every major index notched monthly gains in August. The same worries continue to hang over Wall Street, though, including anxiety over rising prices, government debt, and the impact of global conflicts on the U.S. and the global economy.
\n\nTechnology stocks were among the heaviest weights on the market. Nvidia fell 1.5%, Amazon dropped 1.9% and Advanced Micro Devices gave up 2.4%. Their big market values tend to give them more…
Original source: https://apnews.com/business