Wall Street closes in the red after Trump's threats of new attacks on Iran

Wall Street concluded Wednesday's trading session in negative territory, with its primary indicator, the Dow Jones Industrial Average, falling 1.87%. The downturn followed U.S. President Donald Trump's renewed threats of significant attacks against Iran.

By the market close, the Dow Jones settled at 49,918 points. The S&P 500 experienced a 1.62% decline, reaching 7,266 units, while the tech-heavy Nasdaq saw a 1.98% drop, closing at 25,169 points.

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he will hit Iran again 'hard'

President Trump stated he would "hit hard" again at Iran, following Tuesday's retaliatory bombings after a U.S. helicopter was shot down in the Strait of Hormuz. He criticized Tehran for allegedly taking too long to negotiate a deal. This news contributed to a 2.1% rise in Texas Intermediate (WTI) oil prices, reaching $90.03 per barrel, as uncertainty grew regarding peace talks and the potential blockade of the Strait of Hormuz.

In the corporate sector, technology companies experienced notable declines. Micron fell 4.7%, Advanced Micro Devices dropped 4.8%, and Broadcom also saw a decrease. Oracle's stock closed down 2.21%, extending its losses to 4.01% in after-hours trading despite reporting quarterly results that exceeded analyst expectations. Investors reacted negatively to Oracle's plans to raise more capital for its artificial intelligence expansion.

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taking too long to negotiate a deal