U.S. markets closed sharply lower on Monday, with the Nasdaq dropping more than 1.5% amid a surge in crude oil prices following the continued exchange of attacks between the U.S. and Iran. U.S. Central Command said it completed a new wave of offensive strikes against Iran, hitting dozens of targets at multiple locations with precision munitions. Tehran responded by attacking Gulf Arab states, including Bahrain, Kuwait, Qatar, Jordan and Oman, further straining the fragile ceasefire between the two countries. Meanwhile, sentiment remained weak after President Donald Trump stated that the crucial Strait of Hormuz remains open but said he is reinstating the U.S. blockade of Iranian ports. Trump also said the U.S. would be reimbursed at a rate of 20 percent on all cargo shipped through the strait.
On the sectoral front, semiconductor stocks witnessed substantial weakness amid a slump in SK Hynix, with the Philadelphia Semiconductor Index plunging 4.8%. Considerable weakness was also visible among computer hardware stocks, as reflected by the 3.3% decline in the NYSE Arca Computer Hardware Index. Airline, gold, and networking stocks also witnessed significant weakness, while energy stocks moved sharply higher in line with the rise in crude oil prices.
Nasdaq dragged 408.43 points or 1.55 percent to 25,873.176, S&P 500 fell 60.05 points or 0.79 percent to 7,515.34 and Dow Jones Industrial Average decreased 138.37 points or 0.26 percent to 52,498.64
Start Research-backed Investing ...Now. Subscribe to Sapphire
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: