US-Iran Tension Rattles Wall Street
10th night of strikes and Trump's retaliation vow shake markets.
1Markets Shaken by Tension
US stocks fell for a third straight session, with S&P 500 down 0.2% and Dow losing 307 points. Tech-heavy Nasdaq showed relative resilience. Earnings reports from Tesla and Alphabet will dominate the week.
210th Night of Strikes
The US conducted its 10th consecutive night of strikes on Iran to break the Strait of Hormuz blockade. 17 US troops reported killed. Trump vowed on Truth Social: 'Iran will pay many times over for every death.'
3Oil Prices Climb
Brent crude approached $88, up 10% from early February. Blockades threaten 20% of global oil supply via Hormuz. Houthi restrictions in Yemen further strain energy markets.
4Sectoral Breakdown
Energy and materials stocks resisted declines while industrials and financials suffered heavy losses. Small-cap Russell 2000 fell 0.7%. Rising borrowing costs pressure SMEs.
5Bitcoin's Resilience
Bitcoin stabilized near $65,000, gaining 0.65% in 24 hours. The crypto asset demonstrates hedge characteristics during conflicts, outperforming equities. Institutional interest persists.
6Fed's Tightrope Walk
Energy-driven inflation complicates the Fed's task. Prolonged war risks airlines/logistics firms while benefiting oil producers. Markets await clearer signals on rate cuts amid the conflict.
Original article: Bitcoin News — ABD-İran Gerilimi Wall Street'i Sarstı