"From Orderly Selloff, To Panic": Stocks, Bonds Plunge As Oil, Dollar Soar On Iran War

Market Overview - US equity futures are sharply down, with S&P futures down 1.4% and Nasdaq futures down 1.9% as geopolitical tensions escalate due to the Iran conflict [1][5] - Global markets are experiencing significant declines, with European and Asian equity benchmarks facing their worst two-day drop since April [1][12] - Oil prices are surging, with WTI crude trading above $75 and Brent touching $85, leading to increased inflation concerns [1][38] Company-Specific News - Nvidia shares are down 2.2% as US officials consider export caps on AI accelerators to Chinese companies [3] - Archer Aviation's stock falls 4% after reporting a wider-than-expected fourth-quarter adjusted loss per share [3] - Best Buy Co. shares rise 13% following positive fourth-quarter results and guidance [3] - MongoDB shares plummet 26% after providing weaker-than-expected forecasts for full-year revenue and first-quarter adjusted earnings [3] - Sea Ltd. experiences a 16% drop after quarterly earnings miss analysts' estimates, indicating competitive pressures [3] Sector Performance - Energy stocks are extending gains, while banks and financial firms are declining due to rising bond yields and inflationary pressures from high oil prices [3][5] - Precious metals are facing declines, with gold down 2.9% after a four-day rally, as the dollar strengthens [20] - European banks and insurers are underperforming, with significant losses due to rising bond yields and geopolitical risks [8][25] Economic Indicators - Ten-year Treasury yields have climbed six basis points to 4.10%, reflecting dimmed expectations for Federal Reserve rate cuts [1][19] - Euro-area inflation has accelerated, increasing bets on potential European Central Bank rate hikes this year [1][19] - The dollar index is up 0.7%, indicating a flight to safety amid geopolitical tensions [16][30]