US markets see biggest slump since start of US-Israel war on Iran

Dow closed 450 points down and S&P dipped 1.7% while Nasdaq fell 2.3% into correction territory Sign up for the Breaking News US email to get newsletter alerts in your inbox US markets saw their biggest slump since the start of the US-Israel war with Iran on Thursday as Donald Trump said the conflict’s impact on oil prices hasn’t been as bad as he…

Key takeaways

Quick scan — what you need to know:

• Dow closed 450 points down and S&P dipped 1.7% while Nasdaq fell 2.3% into correction territory Sign up for the Breaking News US email to get newsletter alerts in your inbox US markets saw their…
• The Dow closed 450 points down, while the S&P 500 dipped 1.7%.
• The tech-heavy Nasdaq fell 2.3%, plunging into correction territory, which happens when an index falls at least 10% below its most recent peak.
• Continue reading...

Background

What led here, in plain terms:

• Dow closed 450 points down and S&P dipped 1.7% while Nasdaq fell 2.3% into correction territory Sign up for the Breaking News US email to get newsletter alerts in your inbox US markets saw their…
• The Dow closed 450 points down, while the S&P 500 dipped 1.7%.
• The tech-heavy Nasdaq fell 2.3%, plunging into correction territory, which happens when an index falls at least 10% below its most recent peak.
• Continue reading...

Why it matters

Why readers and decision-makers should care:

• Dow closed 450 points down and S&P dipped 1.7% while Nasdaq fell 2.3% into correction territory Sign up for the Breaking News US email to get newsletter alerts in your inbox US markets saw their…
• The Dow closed 450 points down, while the S&P 500 dipped 1.7%.
• The tech-heavy Nasdaq fell 2.3%, plunging into correction territory, which happens when an index falls at least 10% below its most recent peak.