Iran mines Strait of Hormuz, oil above $105, software developer stocks collapse

On Thursday, the S&P 500 index renewed its intraday historic high, but ended the day in the negative due to news from the Middle East: the publication Axios reported that Iran continued to mine the Strait of Hormuz. Earlier, the US President instructed the Navy to open fire on boats planting mines. This led to a rise in the price of oil. The market was also pulled down by the shares of software developers after the reports of several companies.

- The broad market index S&P 500 declined by 0.4% on April 23. At the same time, during the day it rose to an intraday record, notes CNBC.

- The blue-chip index Dow Jones Industrial Average lost Thursday or 0.4%.

- The Nasdaq Composite Technology Sector Index was down 0.9 percent.

- The Russell 2000 index of small and mid-capitalization companies lost 0.66% for the day, dropping to 2,767 points.

- CBOE Volatility Index (VIX) closed the trades at the level of 19 points. The psychologically important mark, indicating high volatility of the market, is considered to be 20 points.

- Brent and WTI crude futures rose more than 4% to $106 and $96.8 a barrel, respectively.

The news is being updated.

This article was AI-translated and verified by a human editor