Major US stock indexes slid 1% due to a volatile combination of escalating geopolitical instability in the Middle East and mounting jitters within the $2 trillion private credit market.

Big chemical companies with production on the U.S. Gulf Coast are among the stock-market winners from the conflict in the Middle East, benefiting from disruptions to global supply chains. Analysts at

U.S. equities closed sharply lower Thursday, with oil in focus after the Trump administration said the Navy isn't yet ready to escort tankers through the Strait of Hormuz. The Dow, S&P 500 and Nasdaq all finished at their lowest closing values since November.

Rising geopolitical tensions in the Middle East and disruptions to global energy flows are reshaping the outlook for commodity chemicals, prompting analysts at Citi to upgrade several major U.S. producers.

The Dow, S&P 500, and Nasdaq fell as Wall Street worried rising oil prices would risk future rate cuts and the war with Iran escalated.

U.S. stock-market losses were accelerating in morning trade, with the Dow Jones Industrial Average down more than 650 points. The blue-chip Dow was tumbling as oil prices kept climbing, with the U.S.

Brent crude prices rise on news of mines in the Strait of Hormuz and reports that nearby cargo ships were struck.

US stock benchmarks formed a decent bottom after a rough 10-day stretch. With the ongoing rebound still timid, we attempt to spot if the rebound will pursue. Read more here.

Stock futures tumbled after hours on Wednesday, building on earlier losses for the S&P 500 and Dow Jones Industrial Average, as crude-oil prices pressed higher.