Dow, S&P 500 and Nasdaq fall after UAE detects missiles from Iran
Updated
Updated · Barron's · May 4
Dow, S&P 500 and Nasdaq fall after UAE detects missiles from Iran
14 articles · Updated · Barron's · May 4
The Dow closed down 530 points, or 1.1%, while the S&P 500 lost 0.5% and the Nasdaq 0.4% after the UAE said it detected four missiles.
The ministry said three missiles were intercepted and a fourth fell into the sea, while Brent crude rose to its highest level since 2022 and energy stocks gained 0.8%.
The sell-off interrupted a recent rally driven by corporate earnings, with all major S&P sectors except energy declining as investors refocused on Middle East risks.
How is Iran earning more from oil now than before the U.S. blockade began?
Can U.S. naval power overcome Iran's effective, low-cost drone and missile strategy in the Strait of Hormuz?
With 20,000 seafarers trapped, who is responsible for the growing humanitarian crisis in the Persian Gulf?