Iran War Sparks Market Panic: S&P 500 Hits New Low in 2026, $3.2 Trillion Market Cap Vanishes! The S&P 500 index closed at its lowest level in 2026 since the outbreak of the Iran war, with a market cap loss of $3.2 trillion, mainly driven by oil prices soaring to $112 per barrel and interest rates rising to 4.38%. Technology stocks generally declined by over 3%.

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