Stocks drop on Wall Street due to fears of conflict escalation in the Middle East.

From Dow Jones & Company: 2025-06-23 12:43:00

Stocks on Wall Street dropped on Monday amid fears of escalating conflict in the Middle East. The Dow fell 170 points, the S&P 500 was down 0.3%, and the Nasdaq Composite dropped 0.4% after trading higher earlier in the session.

The market had initially opened higher and gained momentum when a Federal Reserve official hinted at possible interest rate cuts at the next meeting. However, the decision will hinge on inflation and labor market conditions moving forward.

Read more: The Dow Turns Lower as Wall Street Braces for Iran’s Response