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Wall Street Falls as Middle East Crisis Weighs on Markets

Wall Street closed lower as Middle East tensions and rising oil prices raised inflation concerns, with the Dow down 60.95 points.

Wall Street Falls as Middle East Crisis Weighs on Markets

The New York Stock Exchange closed lower as investors grew more cautious about prospects for easing the crisis in the Middle East. Rising oil prices also deepened concerns about the path of inflation.

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The Dow Jones Industrial Average fell 60.95 points, or 0.11%, to close at 53,975.98.

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The Nasdaq, dominated by technology company stocks, dropped 85.25 points, or 0.32%, to 26,605.35.

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The broader S&P 500, seen as a gauge of the overall market trend, slipped 4.53 points, or 0.06%, to 7,753.11.

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