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Informist, Wednesday, Mar. 4, 2026                                      Tel +91 (22) 6985-4000

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Equity Alert: US indices fall 1?ter Iran intensifies attack in West Asia

 

MUMBAI--0720 IST--Indices in the US dropped around 1?ch as the US-Iran military conflict entered its fourth day. Crude oil futures jumped as the Strait of Hormuz remained closed and Iran attacked several other countries in West Asia, targetting US military bases and energy infrastructure.

 

Brent crude oil May futures had jumped to $85 per barrel on Tuesday as Iran intensified its attacks. Post this, the Dow Jones Industrial Average fell 0.8%, closing at its lowest level in over a month. At 0706 IST, crude oil futures were up 1% at $82.55 per barrel. 

   

Media reports said the conflict between the US-Israel combine and Iran could last longer than previously expected after the latter upped its attacks on US bases. US President Donald Trump also suggested the hostilities with Iran may last for weeks. Iran-backed Hezbollah also attacked regions in Israel, raising the risk of a wider conflict in West Asia.

 

"I do think the possibility of a more prolonged mission can weigh on markets for the next several weeks," Jeffrey O'Connor, US head of equity market structure at Liquidnet, told CNBC. "Historically, the US market is able to overlook a geopolitical shock like this, but that said, the Strait of Hormuz is closed."

 

All the sectors of the S&5 500 fell, with materials and industrials witnessing the biggest fall. There were concerns the higher oil prices and borrowing costs will hit the US economy and lead to higher inflation, CNBC reported. 

 

Following are the closing levels of US indices Tuesday:  

 

Index	Level	Change in %
S&P 500	6816.63	(-)0.94
NASDAQ Composite	22516.69	(-)1.02
Dow Jones Industrial Average	48501.27	(-)0.83

 

(Anshul Choudhary)

 

US$1 = INR 91.47

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Tanima Banerjee

 

All prices from National Stock Exchange, unless otherwise specified.

All percentage changes for share prices are rounded off to the nearest whole number; percentage changes for index values are rounded off to one decimal place.

All times are Indian Standard Time.

 

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