S&P 500 Falls as US-Iran Impasse Drags Dow, Nasdaq
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- S&P 500 fell along with the Dow and Nasdaq amid a US-Iran impasse, pushing U.S. stocks further from their recent records.
- Alphabet sank as part of broader Big Tech losses, while oil prices swung and reversed gains tied to Strait of Hormuz developments.
Why it matters: All three major indexes slipped simultaneously, with Alphabet specifically sinking and oil reversing gains in the Strait of Hormuz — a convergence of Big Tech weakness and geopolitical-driven commodity volatility that pulled U.S. stocks further from recent records.
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