US equities retreat to year-to-date lows as Iran conflict escalates
TL;DR
U.S. stocks fell, with SPY and QQQ closing at year-to-date lows as Iran-related tensions persist; energy led gains on higher oil prices while consumer discretionary names declined amid rising inflation expectations. China launched two retaliatory trade probes against the U.S., Netflix hiked prices across tiers, and investors weighed ongoing geopolitical risk alongside sector rotations in a cautious mood.
- Stock Market Today: SPY, QQQ Drop to YTD Low as Iran War Nears One-Month Mark TipRanks
- Dow closes in correction, S&P logs longest weekly losing streak in four years and oil settles at Iran-war highs CNN
- Stocks Keep Falling as Investor Lose Patience With the War in Iran The New York Times
- Markets plunge and U.S. oil hits $100 as Trump fails to reassure Wall Street NBC News
- Dow tumbles almost 800 points and enters correction, S&P 500 posts fifth straight losing week: Live updates CNBC
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