Dow Jones opens 1,000 points lower amid widespread selling sparked by Iran war

Wall Street has opened sharply lower, with dense selling crossed the committee successful aboriginal trade.

The Dow Jones is down implicit 1,000 points oregon 2.3% astatine 47,843, portion the Nasdaq has dropped 2.2% and the S&P 500 has fallen 2.1%.

The small-cap Russell 2000 is disconnected 3.1% aft astir 30 minutes into the session.

All but 1 of the Dow is successful the red, with Verizon the exception. Biggest fallers connected the blue-chip scale are Caterpillar, down 4.6%, Sherwin-Williams, down 3.6%, Goldman Sachs, down 3.2% and Boeing, down 3%.

On the Nasdaq 100, Western Digital, Micron, Intel, Seagate, Ferrovial, ARM, and ASML were each down implicit 5%.

'Mag 7' giants Nvidia, Alphabet, Amazon and Tesla are each down astir 2%, with Apple and Microsoft down little than 1%.

US and Israeli combatant jets person continued aerial strikes crossed Iran, portion Israeli troops person entered Lebanon.

US embassies successful Saudi Arabia and Kuwait person been temporarily shuttered aft retaliatory drone attacks from Iran.

Americans successful the portion were urged to "depart now", with nonemergency unit successful six Gulf states ordered to leave.

Israel's aerial unit said it was attacking some Tehran and Beirut with “extensive strikes” against the Iranian authorities and Hezbollah.

President Trump, meanwhile, said successful a societal media station that it is "too late" for talks with Iran.

"Their aerial defense, aerial force, navy, and enactment is gone," Trump wrote successful a abbreviated Truth Social station this morning. "They privation to talk. I said 'Too Late!'"

Iran's apical nationalist information authoritative yesterday besides rejected the thought of talks, pursuing the assassination by rocket of Ayatollah Ali Khamenei.

In the Gulf, Qatar's state-owned vigor institution has announced it is halting accumulation connected immoderate downstream products including urea, polymers, methanol and aluminum.

The institution antecedently announced that it had halted accumulation of liquefied earthy state (LNG) aft attacks connected facilities in Ras Laffan and Mesaieed. QatarEnergy is 1 of the biggest producers of LNG successful the world.

Wall Street equity investors looked much rattled up of Tuesday’s session, arsenic planetary markets moved firmly into risk-off mode arsenic the struggle widened successful the Middle East.

Tech stocks were acceptable to instrumentality the brunt of selling, aft shugging disconnected the US and Israel's strikes connected Iran astatine the commencement of the week.