US Stocks Close Lower as Market Monitors US-Iran Dynamics
On May 7, global stock markets mostly fell and major US indices retreated from historic highs, as Washington awaited Iran's response to US proposals to end the Middle East war and reopen the Strait of Hormuz.
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- 📰 Published: May 8, 2026 at 06:16
- 🔍 Collected: May 8, 2026 at 06:31 (15 min after Published)
- 🤖 AI Analyzed: May 8, 2026 at 06:33 (1 min after Collected)
Central News Agency, New York, May 7, comprehensive foreign wire report: Global stock markets mostly fell today, and major US stock indices retreated from historic highs, as Washington awaited Iran's response to US proposals for ending the Middle East war and reopening the Strait of Hormuz.
The Dow Jones Industrial Average fell 313.62 points, or 0.63%, closing at 49596.97 points.
The S&P 500 Index dropped 28.01 points, or 0.38%, closing at 7337.11 points.
The Nasdaq Composite Index fell 32.74 points, or 0.13%, closing at 25806.20 points.
The Philadelphia Semiconductor Index plunged 311.76 points, or 2.72%, closing at 11160.99 points. (Compiler: Yang Chao-yan) 1150508
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The Dow Jones Industrial Average fell 313.62 points, or 0.63%, closing at 49596.97 points.
The S&P 500 Index dropped 28.01 points, or 0.38%, closing at 7337.11 points.
The Nasdaq Composite Index fell 32.74 points, or 0.13%, closing at 25806.20 points.
The Philadelphia Semiconductor Index plunged 311.76 points, or 2.72%, closing at 11160.99 points. (Compiler: Yang Chao-yan) 1150508
Choose to stand with facts, your every sponsorship is the power to protect press freedom.
Download the Central News Agency 'First-hand News' App to instantly grasp the latest information.
The text, images, and audio/video on this website may not be reproduced, broadcast, transmitted, or used without authorization.