S&P 500 Slides as Iran Diplomatic Hopes Evaporate

The tech-heavy Nasdaq and the Dow Jones joined the S&P 500 in retreat as the market reacted to the prospect of renewed conflict. Microsoft, Amazon, and Alphabet each shed more than 1% of their value, though Broadcom defied the trend, climbing 5.2% after securing a major chip-supply deal with Apple.

Beyond technology, the broader economic fallout hit the travel sector hard, with United Airlines and Delta Air Lines experiencing significant losses as oil prices spiked. The instability prompted the International Monetary Fund to revise its 2026 global growth outlook down to 3%, warning that the escalating Middle East tensions now pose a primary threat to international economic recovery.