US Stocks Slide Amid Iran Tensions

US stocks opened lower on Tuesday as tensions between the US and Iran continued to escalate.

The Dow Jones Industrial Average fell by 105.3 points, or 0.20%, to 53,354.43 at the open, while the S&P 500 dropped 45.0 points, or 0.58%, to 7,700.04 and the Nasdaq Composite plummeted 298.0 points, or 1.12%, to 26,346.88.

The increased prospects of war between the two countries kept oil prices elevated, pushing government bond yields to multi-year peaks.