US Stocks Slide as Iran Tensions Send Oil Prices Soaring

US stock indexes fell on Tuesday as tensions between the US and Iran escalated, sending oil prices surging. The S&P 500 dropped 0.7% to 7,631.47, while the Dow Jones Industrial Average plummeted 419 points or 0.8% to 52,766.88.

The Nasdaq composite fell 1% to 26,099.77 as big tech stocks like Nvidia and Amazon weighed heavily on the market. Brent crude oil prices rose 4.6%, pushing US oil above $90 for the first time in over a month.

The yield on the 10-year Treasury rose to 4.79%, adding further pressure on stocks. The week has seen indexes decline, with the S&P 500 down 1%, the Dow down 1.5%, and the Nasdaq down 1.1%.