Stocks fell at the opening bell on July 8 after President Donald Trump signaled that Iran ceasefire might be over.
The Dow Jones was down nearly 700 points shortly after the start of trading
The S&P 500 was off roughly 0.7%. The tech-heavy Nasdaq, which already has endured losses in recent weeks, was down about 0.4%. Renewed military strikes between the United States and Iran prompted Trump to declare that the ceasefire in the Iran war is likely over. “To me, I think it’s over.
I don’t want to deal with them,” Trump said in Ankara, Turkey, where he was attending a NATO summit. Iran live updates: US death toll rises; Trump says ceasefire is ‘over’ That news sent oil prices rising, because conflict in the Middle East tends to constrict supply. Oil prices spiked to their highest levels in weeks.