India, April 2 -- The US stock market fell sharply on Thursday morning after President Trump indicated a further escalation in military action against Iran as the S&P 500 lost a staggering $830 billion in a matter of hours. Oil prices rose to above $113 a barrel and tech majors such as Nvidia, Apple, Google and Amazon also saw significant losses.

U.S. Market Snapshot

Dow Jones

The Dow Jones dropped by 608 points or 1.3% as technology and retail stocks with high exposure declined and home Depot lost 2.42%, while Boeing lost 1.08% however, there were gains in the energy sector and healthcare sector.

Nasdaq

The Nasdaq Composite lost 152.88 points or 0.7% as technology stocks were affected due to geopolitical tensions and oil price incre...