Macro Equity Markets Dragged Down by War Uncertainty

• • Many US stocks experienced sharp declines across major sectors., Investor sentiment on Wall Street was heavily weighed down by macro-geopolitical concerns.

Uncertainty surrounding the US-Iran escalation led to mass profit-taking and risk-off behavior across almost all major sectors, except for energy and defense which inherently benefited.

A break below the 6,800 psychological level could trigger further algorithmic selling, especially if the war disrupts global supply chains.