After Asia and Europe, US stock market witness a decline amid conflict between Israel and Hamas
New Delhi: After the Asian and European stock markets, the US stock market has also begun trading with a decline due to the conflict between Israel and Hamas. Nasdaq is trading down by 0.83 percent or 111.43 points, while the Dow Jones is down by 0.25 percent or 82 points, at 33,325 points. The S&P 500 is trading at 4,291 points, reflecting a decrease of 0.40 percent or 17.31 points.
Although the US stock market is experiencing a decline, it has not seen as significant a downturn as the Indian stock market or other Asian markets. However, experts speculate that due to the Israel-Hamas conflict, the US Federal Reserve may maintain interest rates at their current level in the upcoming policy meeting. The market also harbors concerns that the conflict could potentially spread to the entire Gulf region.
While the US stock market is generally down, defense stocks are thriving. Lockheed Martin’s stock has risen by 7.5 percent, and Northrop Grumman Corp. shares have increased by 8.2 percent. It’s worth noting that trading is occurring in the US stock market, but the Treasury market is closed due to holidays.