US Stocks Pare Sharp Losses

2026-03-03 21:01 By Felipe Alarcon 1 min. read

US equities pared deep intraday losses on Tuesday, with the S&P losing 0.9%, the Dow down 0.8%, while the Nasdaq shedded 1.1% as President Trump’s pledge to escort oil tankers through the Strait of Hormuz countered the initial shock of the US-Iran conflict.

While the major averages plunged over 2.5% at their session lows, they recovered significantly after the promise of US naval intervention pulled Brent crude off its daily peaks.

This reversal eased the spike in Treasury yields that had earlier hammered credit-sensitive tech giants.

Materials and industrials led the remaining decline on lingering energy-cost fears, while Nvidia and Tesla dropped 1.3% and 2.7% respectively.

Additionally, Blackstone fell 3.8% as reports of 1.7 billion dollars in net outflows from its private credit fund fueled sector jitters.

Despite the late rebound, the market remains caught between a geopolitical energy crisis and the government's aggressive stance to stabilize global trade flows.



News Stream
US Futures Steady as US-Iran Conflict Monitored
US stock futures were largely unchanged on Wednesday after Wall Street experienced extreme volatility in the previous session, as investors monitored developments in the Middle East. In regular trading on Tuesday, the S&P 500 fell as much as 2.49% before closing 0.94% lower, while the Dow and Nasdaq Composite slipped 0.83% and 1.02%, respectively. All 11 S&P sectors ended in the red, with materials, industrials, and health care among the worst performers. Market participants weighed concerns that rising energy prices, fueled by the US and Israel’s escalating conflict with Iran, could slow economic growth and stoke inflation. Losses were partially trimmed after President Donald Trump vowed to escort oil tankers through the Strait of Hormuz, easing supply concerns. On the corporate front, investors awaited earnings from Broadcom, Okta, and Abercrombie & Fitch for further guidance.
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The Dow Jones Index Closes 0.89% Lower
The Dow Jones Index decreased -437 points or 0.89 percent on Tuesday to close at 48468 points. The decline was led by Caterpillar (-3.98%), Nike (-2.69%) and Boeing (-2.52%). On the upside, the strongest performers were IBM (2.59%), Verizon (1.74%) and Salesforce (1.57%).
2026-03-03
US Stocks Pare Sharp Losses
US equities pared deep intraday losses on Tuesday, with the S&P losing 0.9%, the Dow down 0.8%, while the Nasdaq shedded 1.1% as President Trump’s pledge to escort oil tankers through the Strait of Hormuz countered the initial shock of the US-Iran conflict. While the major averages plunged over 2.5% at their session lows, they recovered significantly after the promise of US naval intervention pulled Brent crude off its daily peaks. This reversal eased the spike in Treasury yields that had earlier hammered credit-sensitive tech giants. Materials and industrials led the remaining decline on lingering energy-cost fears, while Nvidia and Tesla dropped 1.3% and 2.7% respectively. Additionally, Blackstone fell 3.8% as reports of 1.7 billion dollars in net outflows from its private credit fund fueled sector jitters. Despite the late rebound, the market remains caught between a geopolitical energy crisis and the government's aggressive stance to stabilize global trade flows.
2026-03-03