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Stock market today: Dow, S&P 500, Nasdaq futures plunge as fresh strikes intensify Iran conflict
US stocks sold off on Tuesday after Israel and US jets launched new strikes on Iran, as the widening conflict stoked worries about a drawn-out regional war.
The Dow Jones Industrial Average (^DJI) fell more than 2%, or over 1,100 points. The S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) both plunged over 2% as oil prices continued to rally on concerns about blocked supply.
The fresh wave of Israeli-led attacks has jolted markets that on Monday mostly managed to shake off the initial shock of the outbreak of US-Iran hostilities. The major US gauges staged a comeback from that day's steep intraday losses to close mostly higher, as dip-buyers stepped in.
Dow plunges 1,100 points as investors fret over Iran war
Stocks in the U.S. plummeted after the opening bell on Monday, as jittery investors reacted to the potential fallout from the war in Iran, including the impact on global oil supplies.
The Dow Jones Industrial Average slid 1,110 points, or 2.2%, in early trading, while the S&P 500 and the tech-heavy Nasdaq Composite each dropped 1.9%.
"Global financial markets are in disarray, anticipating a significant interruption in supplies of crude oil and natural gas because of President Trump's war against Iran," Carl Weinberg, chief economist at investment advisory firm High Frequency Economics, said in a note to clients. "The conflict is spreading, and confidence in the continuity of energy supplies is declining in parallel."
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What next for global markets as oil surges and stocks plunge on Middle East conflict
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