Stocks moved lower on Wednesday after U.S. President Donald Trump told the NATO summit in Turkey that the ceasefire with Iran is “over” amid renewed hostilities in the Middle East that sent oil prices surging.
The Dow Jones Industrial Average was down 0.99%, following Trump’s comments in Ankara. The S&P 500 was 0.6% lower, and the Nasdaq Composite dropped 0.44%.
Alibaba surges over 9% as First-Quarter earnings outlook turns optimistic.
SanDisk Corp. rises 3% in rarly trading.
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