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US stocks fell further on Tuesday as escalating tension in the Middle East magnified concerns of a global energy shock. The S&P 500, the Dow, and the Nasdaq 100 fell up to 1% before trimming losses. President Trump escalated threats against Iran to signal aggressive attacks incoming overnight, prompting Tehran to say they cut communication channels and dimming hopes of a deal between both countries. Tehran continued to impede outflows of tankers from the Hormuz chokepoint. Tech stocks were sharply lower as the pressure on risk sentiment dented demand for speculative sectors, with Nvidia, AMD, and Micron dropping around 1%, while Tesla fell over 3%. Meanwhile, Apple slipped 4% on reports from Nikkei that the company sees setbacks in the testing phase of a foldable iPhone. On the other hand, Broadcom jumped 4.5% after announcing a long-term agreement with Alphabet to supply TPUs. Also, Intel gained 3% on reports it may sign a deal with xAI for the development of semiconductors.

US Stocks Extend Losses

The FTSE MIB Index dropped -213 points or 0.47 percent on Tuesday to close at 45412 points. Losses were led by Leonardo SpA (-8.14%), Stellantis N.V. (-3.98%) and Diasorin (-3.70%). Offsetting the fall, top gainers were STMicroelectronics (4.13%), Infrastrutture Wire (1.91%) and Fincantieri (1.33%).

The FTSE MIB Index Closes 0.47% Lower

The DAX Index decreased -246 points or 1.06 percent on Tuesday to close at 22922 points. The decline was led by HeidelbergCement (-4.45%), Adidas (-3.00%) and Qiagen NV (-2.76%).

The DAX Index Closes 1.06% Lower

The CAC 40 Index fell -67 points or 0.84 percent on Tuesday to close at 7896 points. Leading the losses are Stellantis NV (-3.83%), Kering (-2.77%) and Sanofi (-2.71%). Top gainers were STMicroelectronics (4.23%), Edenred (3.86%) and TP (2.79%).

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