Wall Street drops amid Hormuz concerns

The Wall Street indicators declined amid concerns over the lack of an agreement to achieve stability in the Middle East, which is impacting oil markets and the shares of major companies such as Amazon and Alphabet. The S&P 500 fell by 0.32%, the Nasdaq by 0.60%, while the Dow Jones dropped by 0.34%. Amazon's stocks declined by 2.1%, and Alphabet's by 3.8%, despite gains in the shares of certain asset management firms like Apollo Global and Blackstone, which are seeking significant AI-related funding. Investors are closely watching the upcoming US inflation data in the coming days, as this will determine the Federal Reserve's monetary policy path, especially amid rising risks of higher energy prices due to tensions with Iran.

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