Wall Street falls, oil surges after Trump threatens more attacks on Iran

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Stocks slumped and oil prices soared Thursday after President Donald Trump vowed the U.S. will continue to attack Iran and failed to offer a clear timetable for ending the conflict in the Middle East.

The S&P 500 fell 1.1%, with three out of every four stocks in the benchmark index losing ground. The Dow Jones Industrial Average shed 545 points, or 1.2%, as of 9:52 a.m. Eastern. The Nasdaq composite fell 1.6%. Major indexes throughout Europe and Asia also fell.
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