Markets: $1.3T Overnight
U.S. markets wiped out roughly $1.3 trillion in a single session as Iran‑Israel tensions escalated — and the selloff has erased about $5 trillion since the conflict began. ( ) Japan’s Nikkei opened down about ¥30 trillion, and even ceremonial moments like Tim Cook ringing the Nasdaq bell happened amid heavy volatility. ( )
The seven biggest U.S. tech names — Apple, Microsoft, Nvidia, Amazon, Alphabet, Meta and Tesla — have lost roughly $1.72 trillion of combined market value as the Iran‑Israel conflict deepened. (livemint.com) The S&P 500 fell about 1.7% on the session while the Nasdaq 100 slid roughly 1.9%, marking the indexes’ lowest closes in more than six months and extending a multi‑week selloff; the Dow also dropped into correction territory. (bloomberg.com) Bloomberg’s market‑wide tallies show global equities have shed roughly $11.5 trillion in market value over the month, even as the bond market lost about $2.5 trillion in March alone. (bloomberg.com) Energy markets tightened sharply: Brent crude spiked above $115–$116 per barrel intraday, with trading reports citing highs near $116.75 as fears of Gulf‑shipping disruptions surged. (cannontrading.com) Safe‑haven flows were visible in bullion and Treasuries — spot gold traded around $4,550 an ounce in early trading while U.S. 10‑year yields rose toward levels last seen in mid‑2025 as inflation and policy‑path bets adjusted. (en.somoynews.tv) Market structure and positioning amplified volatility: March option expirations left roughly $1.3 trillion of delta‑notional rolling off this cycle, removing a major liquidity cushion ahead of the quarter‑end session. (cannontrading.com)
