The Economic Times

US Stock Market | S&P 500, Dow end lower as escalating Iran war sours risk appetite

Indian markets reacted to a global downturn. US stocks fell as escalating tensions between the US and Iran overshadowed a calm inflation report. Investors worried about rising oil prices impacting consumer spending. Saudi Arabia increased oil production and the IEA released reserves to stabilize markets. The US Federal Reserve is expected to maintain interest rates amid concerns of potential stagflation.