The Dow Jones Industrial Average fell sharply on Thursday as investors worried that the Iran conflict may escalate and stretch on longer than thought.
The Dow fell 785 points, or 1.6 percent. The broader S&P 500 declined by 0.6 percent, and the Nasdaq composite inched down 0.3 percent.
Of the 11 sectors of the S&P, information technology, consumer discretionary, and energy were the only gainers. Consumer staples, industrials, and materials were the biggest decliners.
Brent crude, the global energy benchmark, rose to 83.81, nearly three percent above the previous day’s price. West Texas Intermediate, the U.S. benchmark, climbed nearly six…
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