Stocks Drop, Volatility Spikes as Traders Weigh Iran War Risks

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Traders work on the floor of the New York Stock Exchange.Stocks dropped Monday morning as traders weighed the market risks from an escalating conflict in the Middle East, with oil spiking and President Donald Trump saying the US and Israeli strikes on Iran may last weeks.The S&P 500 opened 0.7% lower on Monday, led by the consumer discretionary and communication services sectors. The move lower was broad-based with more than three stocks falling for every one that gained. AES Corp. was the worst-performing stock in the index on Monday morning after BlackRock’s GIP and EQT bought the company for $10.7 billion, which Bloomberg Intelligence said was below market expectations.