Stock Market Today: Dow, S&P 500, Nasdaq Tumble as Iran Conflict Sends Oil to 2022 High and Erases Fed Cut Hopes
Wall Street fell sharply Friday as Iran-related turmoil sent Brent crude to $112.19 a barrel, its highest since July 2022. The S&P 500 lost 1.49%, the Nasdaq dropped 1.98%, and the Dow slipped 0.92%. Bond yields climbed, with the 10-year Treasury near 4.39%. Tech stocks led losses, while energy shares rose for a 13th straight week.