The Dow Jones Industrial Average fell for a third straight session in the US stock market, closing down $419.02 at $52,766.88. Reports of US airstrikes and higher crude oil prices intensified concerns about inflation and expectations of higher interest rates, weighing on investor sentiment.
In the US stock market on the 1st, the Dow Jones Industrial Average fell for a third straight session, closing down $419.02 from the previous day at $52,766.88. Among the factors affecting the market, the US military announced that it had carried out airstrikes on bases of Iran's Islamic Revolutionary Guard Corps, sending crude oil futures sharply higher.
2 As part of the progression toward higher interest rates, bond prices fell, and growing inflation concerns affected markets worldwide. Deteriorating investor sentiment spread broadly, increasing selling pressure in equity markets.
3 More specifically, as higher crude oil prices persisted, expectations of rising US interest rates spread, putting downward pressure on major stock indexes, including the Nasdaq. The Dow's decline appears to have reflected turmoil in US energy-related and financial markets.
4 The article includes a members-only section, so the full text was not reviewed, but as of the 1st, reports of the airstrikes and higher crude oil prices were being conveyed as factors of concern for the market.