The three major indexes on Wall Street opened lower on the 8th (local time) as tensions between the United States and Iran flared again.
As of 9:35 a.m., the Dow Jones Industrial Average on the New York Stock Exchange (NYSE) fell 546.12 points, or 1.03%, to 52,379.03. The Standard & Poor's (S&P) 500 fell 45.90 points, or 0.61%, to 7,457.95, and the Nasdaq composite fell 116.45 points, or 0.45%, to 25,702.24 in trading.
In the market, reports that tensions between the United States and Iran have started to rise again rattled investor sentiment.
U.S. President Donald Trump said the memorandum of understanding (MOU) for ending the war with Iran "seems to be over," suggesting it has been nullified. He said, "I don't want to be entangled with Tehran anymore," and called Iran "sick people."
Meeting with Ukraine President Volodymyr Zelensky, President Trump also said, "We may attack Iran tonight." He said, "If necessary, we will take out power and water facilities, but we don't want to do that." He also said the United States could seize Kharg Island, Iran's largest crude oil export hub, or again blockade the seas targeting Iran.
By sector, all sectors except technology and energy were weak. As oil prices rose, energy shares climbed across the board. ConocoPhillips and Marathon Petroleum rose 1.34% and 3.11%, respectively.
Airline stocks fell on the back of higher oil prices. United Airlines and Delta Air Lines fell 2.59% and 1.93%, respectively.
Bath & Body Works fell 6.35% after Goldman Sachs cut its investment rating to sell from neutral.
European stocks also fell. The Euro Stoxx 50 index was down 1.51% at 6,224.72 in trading. Germany's DAX fell 1.72%. The U.K.'s FTSE 100 and France's CAC 40 fell 0.96% and 1.62%, respectively.
International oil prices rose. At the same time, West Texas Intermediate (WTI) for August 2026 delivery, the front-month contract, was up 4.95% at $73.93 a barrel from the previous session.