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The Economic Times
The Economic Times
Business

Why US stocks are down: Dow, Nasdaq slide as Iran tensions push oil, yields higher amid Trump-Xi talks

US stocks fell on Thursday as uncertainty over a potential resolution to the Middle East conflict pushed oil prices and Treasury yields higher, weighing on risk appetite as a closely watched US-China summit got underway, Reuters reported.

The Dow Jones Industrial Average was down 208.36 points, or 0.40%, at 51,303.23; the S&P 500 lost 24.04 points, or 0.30%, to 7,681.99 and the Nasdaq Composite fell 159.54 points, or 0.58%, to 26,778.64.

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