Dow falls more than 400 points, oil rises after new U.S. strikes against Iran: Live updates
The Dow fell 400 points following U.S. military strikes against Iran, which triggered a surge in oil prices. Wall Street opened lower as investors faced a combination of geopolitical instability and economic pressure. Bond yields reached multiyear highs on Tuesday, fueling fears that the Federal Reserve will raise interest rates this month to address persistent inflation. These factors have pushed stock futures lower as the market enters September, a month historically associated with losses.
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- ✓ The Dow fell 400 points after U.S. strikes against Iran.
- ✓ Oil prices surged following the U.S. strikes.
- ✓ Bond yields climbed to multiyear highs on Tuesday.
- ✓ Stock futures for the Dow, S&P 500, and Nasdaq are wavering or slipping.
What changed
U.S. strikes against Iran have caused a 400-point drop in the Dow and a spike in oil prices.
Live updates
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Dow drops 400 points as U.S. strikes Iran and oil prices surge
The Dow fell 400 points following U.S. military strikes against Iran, which triggered a surge in oil prices. Wall Street opened lower as investors faced a combination of geopolitical instability and economic pressure. Bond yields reached multiyear highs on Tuesday, fueling fears that the Federal Reserve will raise interest rates this month to address persistent inflation. These factors have pushed stock futures lower as the market enters September, a month historically associated with losses.
Why it matters
Rising bond yields typically lower the appeal of stocks, especially when paired with inflation concerns. The military action against Iran introduces volatility into energy markets, which can drive up operational costs for businesses. Investors are now balancing geopolitical risk against the likelihood of a Fed rate hike.
What is confirmed
- The Dow fell 400 points after U.S. strikes against Iran.
- Oil prices surged following the U.S. strikes.
- Bond yields climbed to multiyear highs on Tuesday.
- Stock futures for the Dow, S&P 500, and Nasdaq are wavering or slipping.
Still unconfirmed
- The Federal Reserve will raise interest rates this month to combat inflation.
- September is historically the worst month for Wall Street.
What to watch next
- Official Federal Reserve announcement regarding interest rate hikes
- Further military developments between the U.S. and Iran
- Updated inflation data reports
confidence 90%Sources used for this update (7)
- CNBC — Stock futures are little changed after Wall Street closes out winning August: Live updates
- WSJ — U.S. Stock Futures Slip Amid Bond Selloff
- Yahoo Finance — Stock market today: Dow, S&P 500, Nasdaq futures waver as inflation, Fed rate-hike fears persist
- Investing.com — Wall Street points to losses to kick off September, historically the worst month
- www.nbcnews.com — Bond yields surge and stocks tumble as inflation fears raise the odds of an interest rate hike
- PBS — Stocks slip on Wall Street under pressure from rising oil prices, bond sell-off
- finance.yahoo.com — Dow falls 400 points after U.S. strikes Iran, oil surges
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