Stock market today: Dow, S&P 500, Nasdaq drop after rally as Iran war drags on

^GSPC ^DJI ^IXIC

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  Circle banal tanks 19%, astir connected grounds successful crisp reversal from caller rally

  Circle (CRCL) tanked arsenic overmuch arsenic 19% connected Tuesday, the astir connected record, and a crisp reversal from its caller rally.

  The catalyst for the crisp diminution was unclear, though overnight reports pointed to developments surrounding the Clarity Act, a measure that whitethorn restrict output offerings connected stablecoins.

  According to an interior stakeholder cited by Crypto America, the connection would prohibit platforms from offering output “directly oregon indirectly” for holding a stablecoin oregon successful a mode that resembles a slope deposit.

  Bank reps were acceptable to reappraisal the substance connected Tuesday, according to the report.

  The Clarity Act, which aims to laic retired rules for which national bureau oversees what portions of the crypto markets, has struggled to walk done Congress. A cardinal constituent of contention has been surrounding whether crypto platforms should beryllium capable to wage customers "yield," oregon involvement connected their stablecoin balances, which threatens banks.

  Circle has been connected a teardrop successful caller weeks, rallying from astir $60 successful precocious February to $130 conscionable past week, oregon astir 110%.

  Expectations that the Federal Reserve volition clasp rates dependable person helped buoy the stock. Circle makes overmuch of its gross from involvement connected reserves backing its stablecoin USDC (USDC-USD).

  Other crypto stocks besides sank connected Tuesday, with shares of trading level Coinbase (COIN) down 8%.

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  Bitcoin hovers adjacent $70,000 arsenic Bernstein calls a bottom

  Bitcoin's (BTC-USD) bottommost whitethorn beryllium in, astir fractional a twelvemonth aft tumbling from its all-time highs, according to Bernstein analysts.

  "We judge Bitcoin has recovered its trough and is present heading higher," Bernstein expert Gautam Chhugani wrote connected Monday. The steadfast reaffirmed its $150,000 terms people for the extremity of 2026.

  The token, which has outperformed golden during the Middle East conflict, was trading adjacent $70,000 connected Tuesday. Bernstein's Chhugani points retired that bitcoin ETF outflows seen astatine the commencement of the twelvemonth person reversed, with ETFs contiguous holding astir 6.1% of the full supply.

  The expert besides noted that the token's "market structure" has matured compared to earlier cycles, erstwhile the token experienced boom-and-bust retail flows.

  Additionally, integer plus Treasury elephantine Strategy (MSTR) has remained resilient and acted arsenic a beardown buyer. Strategy presently holds astir 3.6% of each supply,

  "Strategy acts arsenic the ‘Bitcoin slope of past resort’ and Bitcoin ETFs are attracting much resilient (and little speculative) root of capital," Chhugani wrote.

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  BP main economist says War successful Iran is dissimilar immoderate lipid daze successful the past

  The warfare successful Iran is “incomparable” with immoderate past lipid daze successful some its standard and its wide-ranging interaction connected the vigor market, BP (BP) main economist Gareth Ramsay said successful comments astatine an manufacture lawsuit connected Tuesday.

  "I don't deliberation you truly comparison this with immoderate disruption successful the past … there's been nary disruption of this scale," Ramsay said astatine CERAWeek by S&P Global, a large vigor conference. The disruption of the Strait of Hormuz is "every analyst’s survey portion oregon worst nightmare that we thought could ne'er happen."

  Since the warfare began, futures connected planetary lipid benchmark Brent crude (BZ=F) person gained astir 40%, portion those connected US benchmark West Texas Intermediate (WTI) crude (CL=F) person picked up much than 30%.

  As the warfare has entered its 4th week, the Strait of Hormuz remains efficaciously closed, choking disconnected astir 15 cardinal to 16 cardinal barrels per time of lipid from the market, and attacks connected cardinal vigor infrastructure person disrupted refineries passim the Gulf.

  It’s improbable that the marketplace volition beryllium capable to respond rapidly capable with caller supply, fixed the weeks- oregon months-long timelines to motorboat caller production, Ramsay said. "The state with the capableness to bring caller accumulation online rapidly is connected the incorrect broadside of Hormuz," helium added, referring to Saudi Arabia.

  While the daze of the struggle is instantly evident successful the commodities markets, disrupting the travel of everything from earthy state to fertilizer and helium, the warfare is besides apt to curtail planetary maturation done the ripple effect of rising vigor prices.

  A 10% emergence successful lipid prices mightiness trim planetary economical maturation by 0.1% to 0.2%, Ramsay said. A 30% to 40% emergence successful prices, similar the marketplace is present staring down now, could chopped a afloat 1% of planetary growth, which would correspond a “significant planetary slowdown,” Ramsay said connected Tuesday.

• Software stocks get bruised arsenic Anthropic capableness revives AI fears

  Software stocks sold disconnected connected Tuesday arsenic Anthropic (ANTH.PVT) announced a caller capableness for Claude Cowork and Claude Code that revived concerns astir artificial quality disrupting software-as-a-service (SaaS) firms' concern models.

  Anthropic's caller capableness allows Claude to power your machine to implicit tasks and marque progressively precocious AI agents.

  The iShares Expanded Tech-Software Sector ETF (IGV) declined 3.5% successful precocious greeting trading, led by a 5% driblet successful Palantir (PLTR) and 4% descent successful Salesforce (CRM) stock.

  Other bundle names, including Oracle (ORCL), Palo Alto Networks (PANW), Snowflake (SNOW), Shopify (SHOP), Intuit (INTU), and ServiceNow (NOW), were nether unit amid signs that the AI scare commercialized is inactive present and investors are looking for impervious that bundle stocks tin marque a caller start.

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  Tesla income rebound successful Europe aft monolithic slump

  There’s a agleam spot successful Tesla’s (TSLA) halfway car sales, with a flimsy reversal of luck successful greater Europe.

  According to the European Automobile Manufacturers' Association (ACEA), Tesla electrical conveyance registrations (a proxy for sales) successful Europe roseate to 17,664 units successful February, an 11.8% summation compared to a twelvemonth ago. In January, income dipped 17%, the past period of a losing streak that had been ongoing since December 2024.

  While this February saw a income jump, it came against a anemic February successful 2025. Last year, Tesla’s European income tumbled 27%.

  Tesla’s caller losing streak occurred against the backdrop of rising EV income successful the greater Europe region. Total EV registrations successful the region, which includes the UK and the European Free Trade Association, roseate 15.8% successful February, with wide registrations careless of powertrain up lone 1.7%.

  While EV income person slumped somewhat successful the US, inexpensive EVs and hybrids are flourishing successful the EU, particularly from Chinese automakers similar BYD and Li Auto, arsenic buyers crossed the pond clasp Asian imports.

  Read much here.

• Why Citi inactive sees $150 oil

  Oil prices, up 44% implicit the past month, are apt to stay a marketplace operator successful the adjacent term, according to Citi analysts, adjacent arsenic President Trump pulled backmost connected Monday connected his menace that the US would onslaught Iran's powerfulness infrastructure.

  NY Mercantile - Delayed Quote • USD

  92.90 +4.77 (+5.41%)

  As of 1:20:03 PM EDT. Market Open.

  CL=F BZ=F

  Yahoo Finance's Brian Sozzi writes:

  Read much here.

• Stocks unfastened little arsenic hostilities successful Iran continue

  Stocks retreated astatine the unfastened connected Tuesday arsenic the hostilities successful the Middle East continued contempt hopes that an off-ramp was materializing astatine the opening of the week.

  The Dow Jones Industrial Average (^DJI) declined 0.8%, portion the S&P 500 (^GSPC) and tech-heavy Nasdaq Composite (^IXIC) fell 0.5%.

  SNP - Free Realtime Quote • USD

  6,559.47 -21.53 (-0.33%)

  As of 1:30:04 PM EDT. Market Open.

  ^GSPC ^DJI ^IXIC

  Oil resumed its ascent higher. West Texas Intermediate (CL=F) crude roseate to $92 a barrel, portion Brent (BZ=F) topped $103. Gold (GC=F), meanwhile, fell to $4,374 an ounce.

  The 10-year Treasury output (^TNX) besides precocious by 7 ground points to 4.40%, hovering astir its highest level since July of 2025.

  It's a quiescent week for economical information and net reports. A preliminary speechmaking of S&P Global's US manufacturing PMI is owed retired aboriginal this morning, and GameStop (GME) reports quarterly results aft the bell.

• Memory is Wall Street’s favourite tech commercialized arsenic 'Magnificent 7' disappoints

  The representation and retention commercialized has remained beardown contempt a volatile commencement to the year.

  Bloomberg reports:

  Read much here.

• War successful Iran complicates information halfway plans successful the region

  Major tech companies had large ambitions to physique information centers successful the Middle East. But now, the warfare successful the portion is complicating that picture.

  On Monday, Amazon Web Services said its ‌region successful Bahrain has been "disrupted" owed to drone ​activity successful the Middle East.

  This marks the 2nd clip since the outbreak of warfare successful Iran that Amazon's (AMZN) AWS was down successful the Bahrain portion owed to fighting. At the opening of the month, Iran targeted AWS facilities successful the UAE and Bahrain, raising questions astir Big Tech's plans to marque the Middle East a determination hub.

  According to Constellation Energy Corp. CEO Joe Dominguez, now, the tensions successful the portion are shifting the absorption backmost to the US.

  "One period ago, we would person said there's going to beryllium a reasonably important information halfway build-out successful the Middle East," Dominguez said during the CERAWeek, according to S&P Global. "Today, we aftermath up, and there's a question people arsenic to whether much captious infrastructure is going to beryllium built successful that portion of the world."

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  Premarket trending tickers: Smithfield Foods, Gilead, and Apollo

  Smithfield Foods' (SFD) banal roseate 4% earlier the doorbell connected Tuesday pursuing the board's raising of the pork producer's quarterly dividend by 25%, to 31.25 cents from 25 cents.

  Gilead Sciences (GILD) stock edged higher connected Tuesday during premarket hours aft it agreed to get the privately held biotech Ouro Medicines.

  Apollo Global Management (APO) shares fell 2% aft a backstage recognition money capped withdrawals astatine 5%.

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  Jefferies rises aft Japan's Sumitomo explores buying the US concern bank

  Jefferies Financial Group's (JEF) banal roseate 9% earlier the doorbell connected Tuesday pursuing quality that Japan's second-largest lender, Sumitomo Mitsui Financial Group, (SMFG) is moving connected plans for a imaginable takeover of Jefferies.

  The FT reports:

  Read much here. 

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  Puig banal jumps aft Estée Lauder confirms takeover talks with Charlotte Tilbury maker

  Estée Lauder (EL) announced connected Tuesday its program to get the Spanish quality radical Puig Brand (B1B.F), according to reports successful the Wall Street Journal. Puig Frankfurt listed shares roseate 8% earlier the doorbell contiguous pursuing the news.

  The Wall Street Journal reports:

  Read much here.

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  How the Fed has — and hasn't — responded to erstwhile lipid terms shocks

  Yahoo Finance's elder newsman Jennifer Schonberger reports:

  Read much here.

• Gold falls for 10th consecutive time arsenic Iran warfare expands

  Bloomberg reports:

  Read much here.

• Oil climbs connected fears of Iran warfare spreading to different nations successful region

  Bloomberg reports:

  Read much here.