India, April 8 -- The US stock market witnessed sharp volatility as escalating tensions linked to the Iran war rattled global investors and pushed oil prices higher. Major indices on Wall Street, including the Nasdaq Composite and Dow Jones Industrial Average, slipped during trading as geopolitical uncertainty weighed heavily on market sentiment and triggered risk-off trading across sectors.
Market participants closely monitored developments in the Middle East as fears of prolonged conflict raised concerns over energy supply disruptions and inflationary pressures. The surge in crude oil prices further intensified selling pressure, particularly in technology stocks that dominate the Nasdaq.
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