Dow slides 592 points after Trump says interim Iran deal is ‘over’
AI Market Summary
Trump's declaration that the Iran deal is "over" and warnings of further strikes intensified geopolitical risk, triggering a risk-off move in U.S. equities and a sharp jump in Brent crude (+5.2%). Higher energy prices raise near-term inflation sensitivity and complicate the Fed policy backdrop, reinforced by the IMF's downgrade of 2026 global growth. Tech megacaps dragged while select chip names outperformed on Apple-Broadcom headlines.
Impact level
● High
Affected assets
NCCO1OILBRENT2USD/USDT+3.49%
AI Insight · NCCO1OILBRENT2USD/USDTAI Insight
▼ Bearish
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U.S. stocks fell after President Donald Trump said an interim deal aimed at ending the war with Iran was “over” and warned the U.S. could carry out additional strikes Wednesday night. The Dow dropped 592.43 points while the S&P 500 slipped 0.30% and the Nasdaq Composite rose 0.19%, as investors moved toward safer assets. Brent crude futures settled up 5.2% on the comments, while chip stocks rose after Apple said it plans to spend more than $30 billion under a Broadcom supply agreement and AI heavyweights Microsoft, Amazon and Alphabet fell. The International Monetary Fund also cut its 2026 global growth forecast to 3%, adding to risk-off sentiment.
