New York Stock Market Falls After Trump Warns of Hormuz Transit Fees; Nasdaq Drops 1.6%

The New York stock market fell on July 13 (local time) after U.S. President Donald Trump announced plans to resume a maritime blockade against Iran and impose transit fees on vessels passing through the Strait of Hormuz.

On this day, the Dow Jones Industrial Average closed at 52,498.64, down 138.37 points (-0.26%) from the previous trading session.

The S&P 500 index closed at 7,515.34, down 60.05 points (-0.79%) from the previous trading session, while the tech-heavy Nasdaq Composite index finished at 25,873.18, down 408.43 points (-1.55%) from the previous trading session.
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