India, Sept. 8 -- With trading resuming following the long Labor Day weekend, stocks moved mostly lower during trading on Tuesday. The major averages all moved to the downside, with the Dow showing a particularly steep decline.
The Dow slumped 628.18 points or 1.2 percent to 52,786.07, the S&P 500 fell 45.08 points or 0.6 percent to 7,673.52 and the Nasdaq dipped 85.58 points or 0.3 percent to 26,421.41.
The weakness on Wall Street came amid a sharp increase by the price of crude oil due to the continued escalation of the conflict in the Middle East.
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