VIX Jumps to 27 as $1 Trillion Leaves US Stock Markets on Iran Oil Shock

markets sold off sharply on Thursday as escalating U.S.-Iran tensions sent oil prices higher and pushed investors away from equities, crypto, and even gold. Wall Street Loses $1 Trillion in Single Session The Dow Jones Industrial Average fell 1.01% to close at 45,960.11.

Key takeaways

Quick scan — what you need to know:

• markets sold off sharply on Thursday as escalating U.S.-Iran tensions sent oil prices higher and pushed investors away from equities, crypto, and even gold.
• Wall Street Loses $1 Trillion in Single Session The Dow Jones Industrial Average fell 1.01% to close at 45,960.11.
• The S&P 500 dropped 1.74% to 6,477.16.
• The Nasdaq Composite led […] U.S.

Background

What led here, in plain terms:

• markets sold off sharply on Thursday as escalating U.S.-Iran tensions sent oil prices higher and pushed investors away from equities, crypto, and even gold.
• Wall Street Loses $1 Trillion in Single Session The Dow Jones Industrial Average fell 1.01% to close at 45,960.11.
• The S&P 500 dropped 1.74% to 6,477.16.
• The Nasdaq Composite led […]

Why it matters

Why readers and decision-makers should care:

• markets sold off sharply on Thursday as escalating U.S.-Iran tensions sent oil prices higher and pushed investors away from equities, crypto, and even gold.
• Wall Street Loses $1 Trillion in Single Session The Dow Jones Industrial Average fell 1.01% to close at 45,960.11.
• The S&P 500 dropped 1.74% to 6,477.16.