US Market Update
The Israel-US-Iran war has completed four weeks, and a possible ceasefire is still far-fetched. Amid geopolitical tensions in the West Asian region, the US stock market is also experiencing significant, sustained losses, with major indices in a downward trend. Amid concerns that Iran may prolong disruptions to the Strait of Hormuz, the Dow Jones Industrial Average index entered corrective territory on Friday last week after five straight weeks of losses. Other indices have also fallen, as the S&P 500 index dropped to its seven-month low by retracing around 9% from its record high of 7,002.28. The index had climbed to this peak in January 2026, signalling how the Israel-US-Iran war has affected the US stock market over the past four weeks. In this crash, the Magnificent 7 stocks — Alphabet (GOOGL), Amazon (AMZN), Apple (AAPL), Meta Platforms (META), Microsoft (MSFT), Nvidia (NVDA), and Tesla (TSLA) — which represent around one third of the S&P 500 index, have also registered heavy losses.

















