Wall Street Falls Sharply, Iran War Risks Weigh on Sentiment
US stocks fell sharply on Thursday (April 2), as President Donald Trump's escalating rhetoric intensified concerns that the Iran war would drag on for a longer period and increased the risk of a global energy shock. The S&P 500 and Dow Jones Industrial Average fell more than 1%, while the Nasdaq 100 slumped more than 1.5% as investors again reduced risk.
Market pressure arose after Trump vowed to escalate attacks on Iran in the coming weeks, fueling concerns that energy exports from the Persian Gulf would remain disrupted and energy infrastructure would remain a target. Inflation risks related to the conflict also pushed US Treasury yields up across the curve, pressuring stocks that had previously benefited from improving credit costs and risk-on sentiment throughout the week.
At the corporate level, Nvidia, Amazon, and MetaTrader 5 all fell more than 2%. Tesla fell 4% after posting one of its worst sales quarters in years. Meanwhile, Blue Owl plunged 7% after facing a 41% withdrawal demand on two private credit funds, forcing it to limit liquidations and adding to the volatility in the sector.
Source: newsmaker.id
