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U.S. Indices Closed on Negative Ground

Author:
Alexandar Machev
Market News

Most major stock benchmarks finished lower on Monday, though the Dow managed a slight gain, as selling in the energy sector after President Donald Trump announced “hard-hitting” Iranian sanctions, dragged the broader market into negative territory.

The Dow Jones Industrial Average rose 8.41 points, or 0.03%, to close at 26,727.54, but had hit a high at 27,805.52, inching close to its Oct. 3 record close 26.828.39 before retreating. Meanwhile, the S&P 500 gave up 0.2% to end at 2,945.35, while the Nasdaq Composite Index edged 26.01 points, or 0.3%, lower to 8,005.70.

On Monday, U.S.-Iranian tensions escalated, as Trump signed an executive order targeting financial sanctions against Iran’s leaders, including its Supreme Leader Ayatollah Ali Khamenei.

“I think a lot of restraint has been shown by us — a lot of restraint — and that doesn’t mean we’re going to show it in the future,” the president said, also asking China and Japan to shoulder some of the responsibility for protecting key oil “choke point,” the Strait of Hormuz.

 

 

International Financial Markets Department

Euro-Finance Ltd.

forex@eurofinance.bg

www.eurofinance.bg 

*This material should not be considered as a recommendation for buying/selling securities.