Major stock indices on Wall Street fell sharply due to escalating tensions between the US, Israel, and Iran, which have also driven oil prices up.
Wall Street experienced a significant drop in its stock indices during today's session, primarily fueled by the intensifying conflict involving the US and Israel against Iran. This geopolitical tension has led to an increase in oil prices, which is impacting market confidence. The Dow Jones Industrial Average declined by 443.96 points, or 0.96%, closing at 45,577.47. The S&P 500 and Nasdaq also saw declines of 1.51% and 2.01%, respectively, with the Russell 2000 index succumbing to over a 2% drop, entering a correction phase after a 10% drop from its recent highs.
