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The Economic Times
The Economic Times
Piyush Shukla

US markets plunge: Dow Jones, S&P 500 and Nasdaq crash as Trump’s Iran threat sparks a risk-off market selloff, pushing the U.S. dollar higher and oil prices sharply upward

US Stock Market Crash: Wednesday was a session Wall Street would rather forget. The Dow Jones Industrial Average fell more than 950 points — closing below 50,000 — as a fresh wave of geopolitical fear swept through every corner of the market. The S&P 500 declined 1.6%, the Nasdaq dropped 2%, and the selling was broad: Industrials fell 3.4%, with Materials, Tech, and Consumer Discretionary each shedding more than 2%. One single earnings-season promise from a tech company triggered the sharpest individual stock collapse of the day, but the real driver was a war that is now reshaping the inflation math for every American.

President Trump posted bluntly that Iran had "taken too long to negotiate a deal that would have been great for them, now they will have to pay the price!!!" — coming one day after the US launched what it called self-defense strikes following the downing of an Army Apache helicopter.

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