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Stock Markets Plunge
(MENAFN) The New York Stock Exchange experienced its steepest single-day decline since the onset of the Iran conflict, fueled by growing uncertainty over escalating tensions in the Middle East.
The Dow Jones Industrial Average dropped 1.01%, or 469.38 points, settling at 45,960.11. Meanwhile, the Nasdaq Composite fell sharply by 2.38%, or 521.74 points, closing at 21,408.08. The S&P 500 also suffered a notable decrease of 1.74%, equivalent to 114.74 points, ending the session at 6,477.16.
The Volatility Index (VIX), commonly known as the market’s “fear index,” decreased by 8.33%, reaching 27.44.
Investors reacted negatively as oil prices climbed amid ongoing uncertainty surrounding the Middle Eastern situation.
Iranian authorities emphasized that they had no plans to participate in direct talks with the United States but suggested they would examine the US proposal aimed at resolving the disputes.
US President Donald Trump, posting on his social media account, claimed that Iranian negotiators were “begging for a deal,” although they publicly stated they were merely reviewing the US offer.
Disputing this characterization, Trump warned, “They better get serious soon, before it is too late, because once that happens, there is NO TURNING BACK, and it won’t be pretty!”
During a cabinet meeting, Trump further remarked that the outcome of ongoing discussions with Iran now rests with Tehran.
The Dow Jones Industrial Average dropped 1.01%, or 469.38 points, settling at 45,960.11. Meanwhile, the Nasdaq Composite fell sharply by 2.38%, or 521.74 points, closing at 21,408.08. The S&P 500 also suffered a notable decrease of 1.74%, equivalent to 114.74 points, ending the session at 6,477.16.
The Volatility Index (VIX), commonly known as the market’s “fear index,” decreased by 8.33%, reaching 27.44.
Investors reacted negatively as oil prices climbed amid ongoing uncertainty surrounding the Middle Eastern situation.
Iranian authorities emphasized that they had no plans to participate in direct talks with the United States but suggested they would examine the US proposal aimed at resolving the disputes.
US President Donald Trump, posting on his social media account, claimed that Iranian negotiators were “begging for a deal,” although they publicly stated they were merely reviewing the US offer.
Disputing this characterization, Trump warned, “They better get serious soon, before it is too late, because once that happens, there is NO TURNING BACK, and it won’t be pretty!”
During a cabinet meeting, Trump further remarked that the outcome of ongoing discussions with Iran now rests with Tehran.
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