Stock Market Today, April 23: Markets Dip As Strait of Hormuz Conflict Intensifies

U.S. equities fell broadly, with the S&P 500 down 0.42% to 7,108.04, the Nasdaq Composite off 0.89% to 24,438.50, and the Dow down 0.36% to 49,310.31. New developments in the Iran War weighed on risk appetite and offset strength in energy stocks, while tech weakness led the decline in the Nasdaq. The move reflects a market-wide risk-off tone driven by geopolitics and sector rotation.

Analysis

U.S. equities fell broadly, with the S&P 500 down 0.42% to 7,108.04, the Nasdaq Composite off 0.89% to 24,438.50, and the Dow down 0.36% to 49,310.31. New developments in the Iran War weighed on risk appetite and offset strength in energy stocks, while tech weakness led the decline in the Nasdaq. The move reflects a market-wide risk-off tone driven by geopolitics and sector rotation.