Dow Drops As Stocks Sell Off Around The World And Oil Prices Soar On War Worries
Business
Oil prices made the jump as Iran struck the U.S. Embassy in Saudi Arabia, part of a widening of targets that also includes areas critical to the world’s oil and natural gas production. NEW YORK (AP) — A sell-off for stocks is slamming into Wall Street Tuesday after wrapping around the world, as oil prices leap even higher with worries that the widening war with Iran may do more sustained damage to the economy than feared. The S&P 500 dropped 1.6% in midday trading after falling as much as 2.5%
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