US Stock Market Today: Wall Street Bulls Retreat As Iran De-Escalation Hopes Falter; S&P Down Nearly 1%

The US stock market opened in the red on Tuesday, day after rallying, as expectations related to a de-escalation in the Iran war faltered. The wider index, S&amp;amp;P 500, slipped nearly 1% as it hit a low of&amp;nbsp;6,525.52 minutes after the opening bell.The tech-heavy Nasdaq Composite opened 0.61% or 133.67 points lower at 21,813, whereas the Dow Jones Industrial Average fell 0.79% or 366.94 points to 45,841.53.The indices opened in the red amid rising oil prices, agains the backdrop of the US-Iran-Israel war, with de-escalation no longer on the horizon.&amp;nbsp;US-Israel military forces carried out strikes against energy infrastructure situated in&amp;nbsp;Iran&#039;s Isfahan and Khorramshahr, according to reports from Tasnim News Agency.After the market opened,&amp;nbsp; seven out of eleven sectoral indices traded in the red. The downturn was led by the Communication Servicea sector, which was down over 1.3%, followed by the Information Technology sector that fell 1.12%, and the Consumer Discretionary sector which decreased more than 0.70%.ALSO READ:&amp;nbsp;US-Israel-Iran War Live News Updates: PM Modi Confirms Conversation With Trump On Keeping Hormuz OpenThis development was after US President Donald Trump had stated on Monday, that the US would postpone strikes on Iran&#039;s energy infrastructure for five days, with Iran denying the existence of these talks.Losses in big tech lead to a slump in the Nasdaq index which went down over 0.6%. Nvidia Corp. traded 0.55% lower at 174.68, Amazon.com Inc. declined 1.00% to $208.04, and Google-parent Alphabet Inc. decreased 1.45% to $297.68.&amp;nbsp;Besides this, Microsoft Corp. shares traded 1.95% lower at $375.93, Meta Platforms Inc. traded 1.53% lower at $594.82, and Tesla opened in the green going up 0.92% to trade at $384.34 likely due to the rising oil prices making electric vehicles (Tesla&#039;s main product) look like a more viable alternative.Crude oil saw an uptick, with the West Texas Intermediate trading 3.85% higher at $91.52 a barrel and Brent futures trading 2.99% higher at $98.79.&amp;nbsp;Spot gold was down 0.22% at $4,397.09 an ounce.&amp;nbsp;Bitcoin, the largest traded cryptocurrency, fell 2.38% to $69,814.In the previous days trade, Dow Jones Industrial Average closed at 46,208.47 up 631.06 points or 1.38%, while the&amp;nbsp;S&amp;amp;P 500 finished at 6,581.00 up 74.52 points or 1.15% and the Nasdaq Composite ended at 21,946.76 up 299.15 points or 1.38%.ALSO READ:&amp;nbsp;$2 Billion Mystery Bet: US Futures Trade Skyrocket Five Minutes Before Trump&#039;s &#039;Iran Talks&#039; Claim

US Stock Market Today: Wall Street Bulls Retreat As Iran De-Escalation Hopes Falter; S&P Down Nearly 1%

The tech-heavy Nasdaq Composite opened 0.61% or 133.67 points lower at 21,813.

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