Energy Stocks Help Dow Amid Tech Slide Due to Geopolitical Tensions
On July 13, energy stocks helped cushion the decline in the Dow Jones Industrial Average as geopolitical tensions between the U.S. and Iran led investors away from tech growth stocks. The S&P 500 fell by 0.39%, while the Nasdaq Composite dropped more sharply at 0.92%. Oil prices rose about 5% amid rising global uncertainty.
Topics: Dow Jones Industrial Average Nasdaq Composite oil prices S&P 500 semiconductors U.S.-Iran tensions