US equity markets closed lower on Wednesday, weighed down by renewed geopolitical tensions between the United States and Iran.
President Donald Trump’s escalating rhetoric triggered a broad risk-off sentiment, prompting investors to rotate out of equities and into safer assets.
79% to 7,515.34, while the Dow Jones Industrial Average posted a more modest loss of 0.
The selloff was particularly acute in growth-oriented sectors, reflecting heightened uncertainty over potential supply chain disruptions in the Middle East.
The Nasdaq Composite led the declines, falling 1.55% to close at 25,873.18, as technology stocks faced selling pressure amid rising energy costs and geopolitical risk.
The S&P 500 dropped 0.79% to 7,515.34, while the Dow Jones Industrial Average posted a more modest loss of 0.26%, or 138.37 points, closing at 52,638.42.
The divergence in performance highlights the market’s sensitivity to inflationary pressures from rising oil prices, which disproportionately affect high-multiple tech valuations.