Wall Street drops on Middle East tensions, weak U.S. economic data


NEW YORK, Jan 3 (Reuters) - Wall Street's major indexes fell from record highs on Friday after a U.S. air strike in Iraq ratcheted up tensions in the Middle East and a bigger-than-expected contraction in the U.S. manufacturing sector raised concerns of slowing economic growth.

The Dow Jones Industrial Average .DJI fell 235.48 points, or 0.82%, to 28,633.32, the S&P 500 .SPX lost 23.2 points, or 0.71%, to 3,234.65 and the Nasdaq Composite .IXIC dropped 71.42 points, or 0.79%, to 9,020.77.

(Reporting by April Joyner Editing by Chris Reese)

((lewis.krauskopf@thomsonreuters.com; 646-223-6082; Reuters Messaging: lewis.krauskopf.thomsonreuters.com@reuters.net, Twitter: @LKrauskopf))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


More Related Articles

Info icon

This data feed is not available at this time.

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.