US stocks today: Dow Jones drops over 500 points as Middle East tensions escalate

June 3, 2026

Wall Street closed lower as Middle East tensions and rising oil prices triggered inflation concerns and profit booking. Financials and tech stocks led declines, though chipmakers stayed resilient on AI optimism. Strong services data and steady labor conditions contrasted with geopolitical risks, while expectations for a potential Fed rate hike continued to climb.

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Tata Motors launches tender offer for Iveco Group; deal values company at €3.82 billion

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ITC’s tobacco business is going cheap but Kotak Institutional Equities thinks market has it wrong

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