Wall Street Closes Lower, Dow Drops 600 Points

(New York, NY) — Wall Street is closing lower to end another volatile week. The Dow Jones Industrial Average slid more than one-percent as U.S. oil prices topped 100-dollars a barrel. American Express fell more than three percent after announcing it will cut about five percent of its global workforce to prepare for AI. At the closing bell, the Dow Jones Industrial Average dropped 652 points to 52-215. The S&P 500 lost 39 points to 76-23. The Nasdaq fell 53 points to 25-955.

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