US Stocks Drop to Six-Month Low on Angst Over Prolonged War
Traders work on the floor of the New York Stock Exchange.
Photographer: Michael Nagle/BloombergMajor US equity benchmarks dropped to the lowest level since September amid rising anxiety over the prospect of a prolonged war in the Middle East.
The S&P 500 Index finished 1.5% lower in New York while the tech-heavy Nasdaq 100 declined 1.9%, dragged down by Nvidia Corp. and Micron Technology Inc. Both gauges were down more than 2% earlier in the session before paring losses.