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The Economic Times

Business

US stocks today: Dow Jones drops over 500 points as Middle East tensions escalate

Middle East United States US Federal Reserve Inflation Oil

Wall Street stocks pulled back from record highs on Wednesday as flaring tensions in the Middle East and rising crude prices stoked inflation jitters and convinced investors to take some profits.

All three major U.S. stock indexes closed in negative territory, dragged lower by financials and tech , with the small-cap Russell 2000 underperforming its larger-cap counterparts.

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