US stocks open lower over Middle East crisis ...Middle East

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US stocks open lower over Middle East crisis
New York: US stock markets were shaken as stocks opened lower on Wednesday as the hospital blast in Gaza upped the Middle East tensions with oil prices jumping. Investors virtually dug into a hole with Morgan Stanley returning lacklustre earnings. The Dow Jones Industrial Average fell more than 0.2 percent while the benchmark S&P 500 dropped nearly 0.5 per cent and the tech-heavy Nasdaq Composite slipped 0.3 per cent. Markets went into a cautionary mode as Israeli and Palestinian authorities exchanged blame for the hospital blast in Gaza. While Hamas blamed the Israeli air strikes, Israel blamed the Hamas for firing a misguided missile that hit the hospital. The US also supported the Israel

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