Geopolitical Risk Weighs on Wall Street: Dow Jones Plunges

Wall Street faced strong selling pressure, with the Dow Jones falling 1,000 points, as investors worry about geopolitical risk and disruptions in the energy market.

Oil prices rose, with U.S. crude (WTI) exceeding $76 a barrel and Brent at $83, due to threats from Iran.

On the geopolitical front, reports of a possible handover of Iran's enriched uranium stockpile did not receive a positive response from Washington.

Macroeconomic data showed the resilience of the U.S. economy, giving the Fed room to delay rate cuts.

On the stock market, Broadcom rose after positive forecasts, while travel stocks came under pressure.

Investors are awaiting the employment report (non-farm payrolls) on Friday.