The US stock market ended a two-week streak of gains, as investors rushed towards safe assets after Israel launched military strikes on Iran, followed by retaliatory responses from Tehran, at a time when traders fear that this conflict may escalate into a broader economic and global confrontation.
The "S&P 500" index fell by 1.1%, in its worst session since May 21, while the "Nasdaq 100" index dropped by about 1.3%. The basket of stocks of the "Magnificent Seven" recorded a decline of about 0.8%, with shares of "Nvidia", "Apple", "Alphabet", "Microsoft", and "Meta Platforms" falling $BNB