How major US stock indexes fared Tuesday, 10/01/2024

U.S. stocks pulled back from their records after a sharp escalation of tensions in the Middle East raised worries about potential disruptions to the flow of oil. The S&P 500 fell 0.9% Tuesday, and the Dow Jones Industrial Average lost 0.4%. Both had set all-time highs the day before. The Nasdaq composite sank 1.5% after paring a bigger loss from earlier in the day like other indexes. The S&P 500 had been down as much as 1.4% during midday trading. Oil prices jumped amid speculation about the potential response after Iran fired dozens of missiles into Israel. Treasury yields fell.