US Stock Market Today | Dow Jones | Nasdaq Live Updates: Spot oil prices near $ 150 a barrel as Iran crisis worsens; US stocks fall
Why it matters: The Dow Jones Industrial Average rose 0.16% to 46,744.76 at open, despite broader market declines and rising oil prices.
- US stock markets opened lower, with the S&P 500 falling 0.15% and the Nasdaq Composite dropping 0.31%, as investors assessed the worsening Iran crisis (Dow Jones Today, NYT Business, Yahoo Finance, MarketWatch).
- President Donald Trump escalated threats against Iran, warning of "massive strikes" and that "a whole civilization will die tonight" if the Strait of Hormuz is not reopened by his Tuesday deadline, putting markets "on edge" (Dow Jones Today, MarketWatch, CoinDesk).
- Oil prices rose significantly, with Brent up 0.2% to $109.94 and WTI climbing 2.6% to near a four-week high of $115.3, as markets braced for Trump's deadline and potential strikes on energy infrastructure (Dow Jones Today).
- Intel announced it would join Elon Musk's Terafab AI chip complex project, alongside SpaceX, Tesla, and xAI, which plans to build two advanced chip factories in Austin, Texas (Dow Jones Today).
- Crypto markets are under pressure, with Bitcoin pulling away from software stocks, as the Iran war rhetoric and AI developments reshape market dynamics (CoinDesk).
US stock markets, including the Dow Jones, S&P 500, and Nasdaq, opened lower on Tuesday as investors reacted to escalating tensions between the U.S. and Iran, with President Trump issuing a deadline for Iran to reopen the Strait of Hormuz, threatening "massive strikes" if demands are not met. This geopolitical uncertainty also drove oil prices higher, with Brent up 0.2% to $109.94 and WTI climbing 2.6% to $115.3, while crypto markets also felt the pressure.
