US Stock Market Today: S&P 500, Nasdaq Plunge Over 1% As Trump Rules Out Iran Deal, Dow Slumps 900 Points

On a tumultuous day for the US stock market, major indices experienced significant declines, with the S&P 500 and Nasdaq both dropping over 1% amid geopolitical tensions. The S&P 500 opened down 1.3%, losing 90.95 points to settle at 6,739.76. This downturn follows former President Donald Trump's recent announcement that he would not pursue a deal with Iran regarding its nuclear program, raising concerns about potential escalation in the region. The Dow Jones Industrial Average plunged nearly 900 points, reflecting widespread investor anxiety and uncertainty. Market analysts suggest that the combination of political instability and economic indicators has led to this sell-off, indicating a cautious sentiment among investors. With ongoing developments in international relations and their implications for the global economy, market watchers will be keenly observing how these factors will affect trading in the coming weeks.