Wall Street marks huge losses, Dow Jones falls over 1000 points

US stock indices fell broadly at the start of trading on Tuesday as war and military operations between the United States and Iran escalated.

The US-Israeli strikes resulted in the death of Iran’s Supreme Leader Ayatollah Ali Khamenei, in what marks a major turning point for the Islamic Republic and one of the most significant developments since 1979.

In response, Iranian officials vowed a strong retaliation, heightening fears of a wider regional conflict, particularly as explosions were reported in several Gulf cities.

In early trading, as of 14:51 GMT, the Dow Jones Industrial Average dropped 2.1% (or 1,009 points) to 47,895. The broader S&P 500 declined 1.8% (or 137 points) to 6,744, while the Nasdaq Composite fell 2.1% (or 467 points) to 22,282.

Heavy losses at the open of Wall Street as Dow plunges more than 1,000 points

US stock indices fell sharply at the start of Tuesday’s session amid escalating war and military operations between the United States and Iran.

The US-Israeli strikes killed Iran’s Supreme Leader Ayatollah Ali Khamenei, marking a pivotal moment for the Islamic Republic and one of the most consequential events since 1979.

Iranian officials pledged a forceful response, increasing concerns about a broader regional escalation, particularly after reports of explosions in multiple Gulf cities.

By 14:51 GMT, the Dow Jones Industrial Average was down 2.1% (1,009 points) at 47,895, the S&P 500 had fallen 1.8% (137 points) to 6,744, and the Nasdaq Composite was lower by 2.1% (467 points) at 22,282.