[Breaking] Soaring Oil Prices and Inflation Fears Cause New York Stock Market to Plummet... Nasdaq Down 3.62%
[Asia Economy New York=Special Correspondent Joselgina] Due to fears of sanctions on Russian crude oil causing international oil prices to soar and increasing inflation concerns, major indices on the US New York Stock Exchange all closed lower on the 7th (local time).
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On Monday, the Dow Jones Industrial Average fell 2.38% from the previous session to close. The large-cap focused S&P 500 index dropped 2.96%, and the tech-heavy Nasdaq index closed down 3.62%.
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