Dow Drops 419 Points as Iran Tensions Escalate

The Dow Jones Industrial Average (NYSE: DJIA) opened September down by 419.02 points, or 0.79%, after closing at 52,766.88 on Tuesday.

The decline followed Monday's 0.7% drop of 374.09 points to 53,185.90, leaving the blue-chip index lower for a second consecutive session and well off its summer highs.

Trading Economics reported that the index lost around 235 points at one stage during the session before losses deepened into the close, with selling pressure intensifying as the afternoon progressed.

Alphabet fell 2.21%, Nvidia dropped 2.03%, and Caterpillar declined 1.74%, making them the most prominent laggards among the 30-stock index's components on the day.