Dow Falls 653 Points as $116 Oil Broadens Wall Street Sell-Off
New Delhi, Oct. 25 -- NEW YORK - A recovery in technology shares could not rescue Wall Street on Friday, October 23, as another surge in oil prices pushed the sell-off beyond the artificial-intelligence trade. Energy shares benefited, but weakness across much of the rest of the market left all three major U.S. indexes lower.
The Dow Jones Industrial Average fell 652.82 points, or 1.23%, to 52,215.16. The S&P 500 lost 39.75 points, or 0.52%, to 7,623.68, while the Nasdaq Composite declined 53.52 points, or 0.21%, to 25,955.34. Xinhua reported the closing figures in its report on the session. These are Friday's cash-market results, not futures prices or Sunday trading.
The immediate pressure came from oil prices. December Brent crude futu...
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