U.S. Stocks Slide as Iran Keeps Strait of Hormuz Shut
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- Iran announced the Strait of Hormuz will remain shut, triggering declines across the Dow, S&P 500, and Nasdaq amid an unresolved U.S.-Iran impasse (Fortune, Yahoo Finance).
- The S&P 500 posted back-to-back losses as Alphabet's stock sank and a broader tech sell-off intersected with Iran-driven uncertainty (CNBC, Yahoo Finance).
Why it matters: Two forces hit at once: Iran's refusal to reopen the Strait of Hormuz keeps an energy-supply risk premium elevated while the tech sector — previously a market leader — is selling off, meaning investors face geopolitical and earnings-side pressure simultaneously with no near-term resolution visible in the impasse.
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