US Stocks Under Pressure on Monday
2026-03-02 14:35
By
Andre Joaquim
1 min. read
US equities pulled back on Monday as war in the Middle East triggered a surge in energy prices drove global markets to pivot away from riskier assets.
The three main averages were around 0.5% lower.
The US struck Iran and killed its Supreme leader, prompting Iran to strike various targets across the Middle East.
Equities across the globe fell as risks of prolonged warfare dented risk appetite, while the resulting surge in energy prices risked a fresh surge in inflation expectations that could result in more restrictive monetary policy by the Federal Reserve and other major central banks.
Losses for stocks were distributed among most major sectors of exchanges, with Amazon and Apple dropping more than 1% each.
Banks were also lower, with JPMorgan and Bank of America down 2% each following recent risks from private credit and defaults from major clients.
In turn, North American energy producers were sharply higher.