Middle East Tensions Rise, US Stocks Retreat from Record Highs
Escalating tensions in the Middle East led to a rebound in oil prices, fueling inflation concerns. US stocks retreated from record highs on Monday as investors locked in profits. The Dow Jones Industrial Average fell 620.72 points, the S&P 500 dropped 56.10 points, and the Nasdaq Composite lost 239.92 points. The Philadelphia Semiconductor Index bucked the trend, rising 190.69 points.
📋 Article Processing Timeline
- 📰 Published: June 4, 2026 at 06:07
- 🔍 Collected: June 4, 2026 at 06:17 (10 min after Published)
- 🤖 AI Analyzed: June 6, 2026 at 16:20 (58h 2m after Collected)
(Central News Agency, New York, 3rd, combined foreign reports) Rising tensions in the Middle East led to a rebound in oil prices, sparking inflation concerns. Under profit-taking pressure from investors, U.S. stocks closed lower on Monday, retreating from their recent record highs.
The Dow Jones Industrial Average fell 620.72 points, or 1.21%, to close at 50,687.07.
The S&P 500 index fell 56.10 points, or 0.74%, to close at 7,553.68.
The Nasdaq Composite Index fell 239.92 points, or 0.89%, to close at 26,853.98.
The Philadelphia Semiconductor Index bucked the trend, rising 190.69 points, or 1.39%, to close at 13,916.96. (Translated by Chang Cheng-chien) 1150604
The Dow Jones Industrial Average fell 620.72 points, or 1.21%, to close at 50,687.07.
The S&P 500 index fell 56.10 points, or 0.74%, to close at 7,553.68.
The Nasdaq Composite Index fell 239.92 points, or 0.89%, to close at 26,853.98.
The Philadelphia Semiconductor Index bucked the trend, rising 190.69 points, or 1.39%, to close at 13,916.96. (Translated by Chang Cheng-chien) 1150604