Markets News, Mar. 2, 2026: Major Stock Indexes End Mixed
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Oil and gas prices expected to surge
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Wall Street is assessing the fallout from an expanding conflict in Iran as the US and Israel commit to protracted military action.
Why are US stock market index futures down and Dow Jones, S&P 500 and Nasdaq in red today? Wall Street futures fell more than 1% as Middle East conflict widened. Oil prices rose. Gold gained. Treasury yields hit lows.
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Stock futures have moved off their lowest levels but are still pointing to opening losses on Monday. The Dow contract is down around 500 points as the S&P 500 futures contract is now down 0.9%. The low on the S&P contract was 6,
Global markets reacted sharply to escalating Middle East tensions. US and Israeli strikes on Iran triggered fears of wider conflict. Stock futures tumbled as oil prices surged nearly nine percent. Investors sought safe havens like gold.
Sentiment in global stock markets was hit by the air strikes on Iran, which sparked retaliations from Tehran on locations throughout the Middle East region. The conflict has shown signs of widening beyond Iran, with Israel carrying out separate attacks on Iran-backed Hezbollah targets in Lebanon.