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May 5, 2026

Wall Street falls from its records and oil prices jump after fighting flares in the Middle East

By STAN CHOE
AP Business Writer

NEW YORK — The U.S. stock market fell from its record heights Monday, while oil prices jumped following escalations in the Middle East that may undermine the ceasefire in the war with Iran.

The S&P 500 sank 0.4%, coming off its latest all-time high. The Dow Jones Industrial Average dropped 557 points, or 1.1%, and the Nasdaq composite slipped 0.2%.


 
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