US Stocks Open Lower
2026-03-24 13:40
By
Andre Joaquim
1 min. read
US equity indices were lower on Tuesday, trimming yesterday's rebound as faded hopes of de-escalation in the Middle East reignited higher risks of stagflation.
The S&P 500, Dow, and Nasdaq 100 fell around 0.5%.
Iran continued to strike targets in Israel and GCC members to dim expectations of an imminent de-escalation to the conflict, while Israel accelerated the pace of strikes on both Iran and Lebanon.
These offset signs of de-escalation by the US after President Trump delayed attacks for five days due to constructive talks with Iran, which triggered a rebound in risk sentiment yesterday despite Iran denying said talks.
Tech giants with exposure to credit costs fell sharply, with Microsoft and Amazon both losing more than 1%.
Meanwhile, Apollo and Ares both slid more than 3% after being the latest to cap redemptions on their main private credit funds.
In turn, Jefferies gained 5% on reports that Japan's Sumitomo is considering acquiring the company.