Sentiment remained under pressure as the escalating conflict in the Middle East boosted oil prices, raising fears that higher energy costs could weigh on the economy, News.Az reports, citing Reuters.
***
At 14:49 ET (18:49 GMT), the tech-heavy NASDAQ Composite seesawed between negative and positive territory, last higher by 0.1% to 22,414.68 points, after earlier logging a decrease of as much as 1.5%. The benchmark S&P 500 index was down 0.3% to 6,722.82 points, having eaten into a decline of as much as 1.5%. The blue-chip Dow Jones Industrial Average shed 0.7% to 47,159.27 points, pulling back from a fall of as much as 1.9%.
The main averages on Wall Street all fell by at least 1% to end the previous trading week, a negative week overall, as the escalating fighting in the Middle East threatened to take a toll on the global economy.
