Global Markets Tumble: Wall Street, Asian Stocks Fall Amid US-Iran Tensions, Oil Surges
MMoneycontrol•20-02-2026, 09:17
Global Markets Tumble: Wall Street, Asian Stocks Fall Amid US-Iran Tensions, Oil Surges
- •Global markets experienced a downturn, with Wall Street and Asian markets showing declines.
- •US indices, including the Dow Jones, S&P 500, and Nasdaq, closed lower, with the Dow falling nearly 275 points.
- •Financial stocks, led by Blue Owl Capital, dropped significantly after a $1.4 billion loan asset sale raised concerns about private credit market losses.
- •Software stocks also faced pressure due to ongoing concerns about AI's impact on enterprise software demand.
- •Crude oil prices surged to their highest level since August amid escalating US-Iran tensions, adding geopolitical risk to the market.
