Wall Street Closes Mixed With Slight Fluctuations While Oil Plummets
Wall Street closed mixed this Tuesday with slight fluctuations, its main indicator, the Dow Jones Industrial, down 0.07%, while West Texas Intermediate (WTI) crude oil plummeted nearly 12% at closing after exceeding $100 a barrel this weekend due to the war in the Middle East. Al [...]
TL;DR
- Wall Street closed mixed with slight fluctuations.
- The Dow Jones Industrial Average fell 0.07%, the S&P 500 lost 0.21%, and the Nasdaq advanced 0.01%.
- West Texas Intermediate (WTI) crude oil plummeted 11.94% to $83.45 a barrel.
- The drop in oil prices occurred after the US Navy denied escorting tankers through the Strait of Hormuz.
- President Donald Trump had previously warned Iran against attempting to close the Strait of Hormuz.
- Micron and Intel stocks closed up 3.54% and 2.63%, respectively.
- Amazon stock rose 0.39% despite a judge temporarily blocking AI company Perplexity from accessing its platform.
- Gold prices rose 2% to $5,205 per ounce, and silver rose 4.78% to $88.57 per ounce.