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US Stock Market Turmoil: Dow Futures Plunge 800 Points Amid Escalating Geopolitical Tensions
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US Stocks Plunge 800 Points Amid Iran Tensions; Global Markets Reel
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CNBC Awaaz
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03-03-2026, 17:26
US Stocks Plunge 800 Points Amid Iran Tensions; Global Markets Reel
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Dow Futures plummeted 806 points (1.7%) as US-Iran conflict fears escalated after a drone attack on the US embassy in Riyadh.
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US President Donald Trump warned the conflict could last over four weeks; Ayatollah Ali Khamenei died in recent US/Israeli strikes.
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South Korea's Kospi index crashed 7.2%, its worst session since August 2024, with Samsung and SK Hynix shares dropping significantly.
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Global crude oil prices surged, with Brent crude up 8%, following an Iranian threat to close the Strait of Hormuz.
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The US Dollar Index strengthened by nearly 1% as global risk sentiment weakened on the fourth day of the conflict.
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