Key Facts
What the world’s markets decided. The mood flipped from a day earlier — US stocks fell across the board, with the S&P 500 −0.74% to 7,554 (ending a nine-day winning streak), the Nasdaq −0.89% to 26,854 and the Dow −1.21% to 50,687. Yesterday’s winners were today’s losers: mining and metals stocks dropped (XME −3.24%, copper miners COPX −3.64%) and uranium gave back its whole gain (URA −5.67%).
What set it off. Three things hit at once — the US and Iran traded fresh strikes (pushing oil up), chipmaker Broadcom fell about 13% and cybersecurity firm CrowdStrike about 10% after weak results, and the Trump administration floated 10% tariffs on 16 economies including Mexico, Canada and the European Union. Together they turned an upbeat market cautious in a single session.
The clearest single move. Oil jumped while metals sank — US crude (USO) rose +2.62% and Brent (BNO) +1.99% on the Iran strikes, while copper fell −2.91% and even gold slipped −0.99%. That is the opposite of the day before, when metals led and oil lagged.
What the mood tells us. This was a broad “sell almost everything” day rather than a panic — stocks, crypto, metals and even government bonds (TLT −0.40%) edged lower together, and Wall Street’s fear gauge, the VIX, rose +1.84% to 16.06. The only real winners were oil, defensive stocks people hold when nervous (healthcare +0.79%, staples +0.40%) and Meta.
