Stock Market Drops as Hormuz Tensions Escalate
U.S. stocks fell on May 5, 2026, amid rising tensions in the Strait of Hormuz following reports of Iranian strikes against a U.S. patrol boat and an oil carrier. The Dow Jones Industrial Average dropped nearly 1.1%, while the S&P 500 slipped 0.4% and the Nasdaq Composite fell 0.2%. Oil prices surged over 5% as geopolitical risks overshadowed strong factory orders data.
Topics: Dow Jones Middle East conflict Nasdaq oil prices S&P 500 stock market