Stocks Fall With Bonds as Oil Surges Anew on Iran: Markets Wrap

Foreign exchange dealers work inside a trading room at Hana Bank in Seoul, South Korea, on March 4. — Foreign exchange dealers work inside a trading room at Hana Bank in Seoul, South Korea, on March 4.
Photographer: SeongJoon Cho/Bloomberg

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By Rita Nazareth

March 4, 2026 at 10:34 PM UTC

Updated on

March 5, 2026 at 9:40 PM UTC

A slide in chipmakers dragged down stocks while a bond selloff deepened amid a spike in oil as headlines continued to depict war escalating in Iran and the Middle East. Bitcoin slumped.

While the S&P 500 bounced from session lows, most of its shares fell. A key gauge of semiconductor firms dropped 1.2% as Bloomberg News reported the US is considering requiring permits for artificial-intelligence chip sales.