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Wall St Sinks as Middle East Turmoil Clouds Fed Outlook

TigerMar 20, 2026 2:11 PM

Wall Street's main indexes dropped on Friday ‌as the Iran war approached its ​fourth week, roiling ​energy markets and prompting ⁠investors to ​aggressively reprice bets ​on the Federal Reserve's interest-rate cuts.

The Dow Jones ​Industrial Average ​fell 0.30%. The S&P 500 fell ​⁠0.68%, while ​the Nasdaq Composite ​dropped 1.08%.

Big tech stocks dropped in morning trading. Oracle, Palantir, and Tesla fell 3%; TSMC, Meta, and Alphabet fell 2%; Microsoft, Nvidia, Broadcom, and Amazon fell 1%.

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