Stock futures fall after U.S. strikes Iran; Wall Street heads for winning month: Live updates - CNBC
U.S. stock markets declined following military strikes on Iranian rocket launchers, which caused a spike in oil prices. Despite the daily losses, Wall Street concluded a strong month of gains led by the technology sector.
Why it matters
The intersection of geopolitical conflict and market volatility highlights investor sensitivity to Middle Eastern stability and energy costs.
Stocks fell on Monday after the U.S. and Iran traded fire for the first time in a month, though the major averages still closed out August with gains.
The S&P 500 slipped 0.33% to 7,686.14, while the Nasdaq Composite shed 0.12% to close at 26,370.89. The Dow Jones Industrial Average slid 374.09 points, or 0.7%, lower, to end at 53,185.90. The 30-stock index was dragged down by losses in Goldman Sachs and Alphabet .
On Sunday, U.S. Central Command confirmed to MS NOW that the U.S. struck two rocket launchers on Iran's Larak Island.
Sunday's attack was the first publicly acknowledged U.S. strike on Iranian positions since late July, with Iranian state media reporting that Tehran had attacked U.S. bases in Jordan in retaliation.
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