Markets Shed $1 Trillion as Trump's Iran Gamble Shakes Wall Street

Red Screens: War headlines served as the stock market’s scapegoat du jour, but the real pressure came from U.S. tech, with the Nasdaq 100 closing the day just a hair above its session low, which now serve as the index's newest yearly low. While the S&P 500 and Dow Jones Industrial Average also registered large declines, theirs were smaller in magnitude and did not set new yearly lows during the regular trading session. Bond markets failed to offer safe haven, with U.S. treasury yields climbing across the c ...