NEW YORK, (UrduPoint / Pakistan Point News / WAM – 01st Sep, 2026) US equities ended lower on Monday following a spike in crude oil prices driven by military strikes between the United States and Iran.
The surge in energy costs reignited inflation fears and boosted expectations of a potential Federal Reserve interest rate hike in September, weighing on overall market sentiment.
The S&P 500 fell 0.36 %, losing 27.39 points to finish at 7,684.37, while the Nasdaq Composite slipped 0.16 % to 26,360.91. The Dow Jones Industrial Average dropped 380.22 points, or 0.71 %, to 53,179.77.
