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Wall Street slumps as investors fear prolonged Middle East conflict

Wall Street opened sharply lower as investors reacted to escalating tensions in the Middle East following US-Israeli strikes that killed Iran's Supreme Leader. The conflict has sparked fears of a protracted crisis, leading to significant declines in major stock indices and a shift toward safe-haven assets.

Wall Street slumps as investors fear prolonged Middle East conflict

Credit: Livemint

Key Highlights

  • Dow Jones fell 183.5 points (0.37%) to 48,794.42.
  • S&P 500 dropped 54.5 points (0.79%) to 6,824.36.
  • Nasdaq Composite decreased by 346.1 points (1.53%) to 22,322.119.
  • Iran retaliated with missile strikes targeting Israel and US bases in the Gulf.
  • Investors are moving towards safe-haven assets amid rising geopolitical tensions.
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Sources

  1. Wall Street slumps as investors fear prolonged Middle East conflict
  2. US stock market: Wall Street set to open over 1% lower as US-Iran conflict fuels risk-off mood

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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