Wall St falls 2% as Middle East conflict stokes inflation worries [View all]

Source: Reuters

Wall ​Street's main indexes fell more than 2% on Tuesday, with the S&P 500 hitting its lowest in over two ‌months, as investors braced for the impact of a widening Middle East conflict on oil prices, inflation and global trade.

Tehran's threat to attack any vessel attempting to transit the Strait of Hormuz, combined with production halts by several Middle Eastern oil and gas producers, has driven up global shipping rates and prices of crude ​and natural gas.

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At 09:50 a.m. ET, the Dow Jones Industrial Average fell 1,083.69 points, or 2.22%, to 47,821.09, the S&P 500 lost 141.91 points, or 2.06%, to 6,739.71 and the Nasdaq Composite lost 483.41 points, or 2.12%, to 22,265.45.

The ​sell-off was broad and all major sectors on the S&P 500 were trading in the red.

Read more: https://www.reuters.com/business/wall-st-futures-fall-middle-east-conflict-stokes-inflation-worries-2026-03-03/