Dow Falls 5th Day as Brent Hits $118 — Trump Rejects Iran Deal, Fed Holds With Record Dissent, Alphabet and Amazon Beat
Wednesday’s session was defined by escalation. The Dow fell 280 points to close at 48,861.81, its fifth consecutive losing day, as Brent crude surged nearly 7% to $118.80 per barrel after President Trump formally rejected Iran’s Hormuz reopening proposal and told aides to prepare for an extended blockade. In what was almost certainly Jerome Powell’s … Read more