US-Iran Conflict Pulls Wall Street Off Record Highs
Rendy Andriyanto
Gotrade Team
Reviewed by Gotrade Internal Analyst
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Gotrade News - Wall Street fell from record highs after the US-Iran conflict flared again and pushed oil prices sharply higher. The Dow Jones index dropped 1.21 percent, while US crude oil touched 96 dollars per barrel.
The renewed military escalation revived investor worries over energy supply and global geopolitical stability. Surging oil weighed on technology shares as investors rotated toward assets viewed as safer.
Key Takeaways
The Dow Jones fell 1.21 percent to 50,687, while the S&P 500 slipped 0.74 percent and ended a nine-day rally.
US crude oil rose 2.4 percent and closed at 96 dollars per barrel on the renewed tensions.
Asian markets are set to open weaker, with Japan and Hong Kong futures trading in the red.
According to Kompas, the S&P 500 dropped 56.06 points or 0.74 percent to 7,553.72. The Nasdaq Composite also weakened 0.89 percent to 26,853.98 during the session.
Technology and financial sectors led the decline, while the energy sector gained on elevated oil prices. The S&P software index plunged about 4 percent, dragging six of the seven megacap AI stocks lower.
Meta Platforms was the exception, rising 4.2 percent amid the broad pressure. Chipmaker shares also held firm, with that sector index climbing 1.4 percent against the downtrend.
As reported by Bloomberg Technoz, the S&P 500 ended a nine-day rally after the US and Iran clashed overnight. That clash also drew Kuwait and Bahrain into the most serious escalation since the early-April ceasefire.
The flight into crude oil helped push US government bond yields higher amid speculation over tighter policy. Bitcoin also weakened as investors trimmed exposure to riskier assets.
Investment strategist Ross Mayfield said AI stocks trade in their own world, largely ignoring macro and geopolitical risk. The comment highlighted the relative resilience of some technology shares amid the turmoil.
On the political front, the US House voted to halt the war with Iran and reject Trump's policy. The move added fresh uncertainty over the direction of Washington's foreign policy.
According to Bloomberg Technoz, US stock futures fell about 0.4 percent ahead of the Asian open. Broadcom shares slumped in after-hours trading on disappointing guidance.
Mayfield's comment captures a split market between resilient AI names and more vulnerable sectors. That pattern leaves index reactions to geopolitical headlines uneven across different parts of the market.
Investors now await clarity on how long the conflict lasts and its impact on global oil supply. Any further escalation could lift energy prices and add more pressure on technology shares.
For global investors, this volatility underscores the case for direct access to thematic US equities through Gotrade. Exposure to energy and defense names offers a clear way to trade this geopolitical story.
Gotrade is the trading name of Gotrade Securities Inc., which is registered with and supervised by the Labuan Financial Services Authority (LFSA). This content is for educational purposes only and does not constitute financial advice. Always do your own research (DYOR) before investing.
