Stocks sink: Wall Street’s worst fall since Iran war; Nasdaq enters correction

Stocks fell sharply, and oil prices rose as doubt took over again from hope on Wall Street about a possible end to the war with Iran.The Dow Jones Industrial Average dropped 469 points, or 1 per cent, and the Nasdaq composite sank 2.4 per cent to fall more than 10 per cent below its all-time high set early this year. That’s a steep enough drop that professional investors have a name for it: a “correction”.Stock markets likewise tumbled across much of Asia and Europe. They’re the latest flip-flops for finan ...