India, July 8 -- The U.S. stocks witnessed a decline amid the heightened tensions between the U.S. and Iran and created a risk-off sentiment across the globe. Higher oil prices and nervousness ahead of the release of the Fed meeting minutes impacted the sentiment. The Dow Jones declined by 578.30 points (-1.09%) and the S&P 500 declined by 0.50%, while the Nasdaq dropped by 0.34%.

U.S. Market Snapshot

Dow Jones Today

The Dow Jones dropped 578.30 points (1.09%) to 52,346.85, led lower by Home Depot, Boeing, Sherwin-Williams and American Express, while Chevron gained on higher oil prices.

Nasdaq Today

The Nasdaq declined 88.84 points (0.34%) to 25,729.85 as technology stocks were mixed, with Broadcom (+4.37%) and Texas Instruments (+2....