Amid escalating U.S.-Iran tensions, the U.S. stock market lost approximately $1 trillion in a single day.
The U.S. stock market experienced its worst day since the outbreak of conflict: the S&P 500 dropped 1.7%, the Dow Jones fell 1%, and the Nasdaq plunged 2.4%, marking five consecutive weeks of declines.
According to The New York Times, selling pressure intensified following Trump's hardline statements toward Iran. Meanwhile, Brent crude oil prices rose nearly 5.7%, reaching $108 per barrel.
Investors are increasingly concerned about the situation in the Strait of Hormuz, through which roughly 20% of global oil supply passes. Since the conflict erupted, shipping activities in the region have largely come to a standstill.
In this context, U.S. Treasury yields rose, intensifying market concerns over a new round of inflation driven by rising energy prices.
Original source: toutiao.com/article/1860769198923788/
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