US Stocks Fall to Multi-Month Lows
2026-03-03 14:34
By
Andre Joaquim
1 min. read
US equities were sharply lower on Tuesday as few signs of de-escalation to the war in Iran worsened the global economic outlook.
The S&P 500, the Dow, and the Nasdaq 100 fell up to 1.5% to their lowest so far this year.
Strikes between Iran and US allies in the Middle East extended to the fourth day, with strikes on energy facilities in the Persian Gulf and Iran's formal warning of attacks on any vessels crossing the Strait of Hormuz.
Oil and natural gas benchmarks surged, driving Treasury yields across the curve to rise sharply and pressuring all sector of credit-sensitive industries.
Nvidia, Amazon, Apple, and Alphabet were dropped between 1% and 2%.
Meanwhile, Blackstone fell 8% amid the surge in redemptions of its flagship private credit fund, adding to concerns on the sector that stemmed with Blue Owl halting liquidations.
Conversely, Target was higher after issuing an optimistic guidance.