Dow Jones falls 370 points as Goldman Sachs, Alphabet tumble

Tensions between the US and Iran have sent oil prices soaring, with Brent crude topping $90 a barrel.

At the same time, bond yields hit their highest point since early 2025, adding to worries about future rate hikes after comments from Fed Chair Kevin Warsh.

All of this made for a bumpy day on Wall Street, but markets showed some resilience by bouncing back from deeper losses earlier in the session.