Market Open: Stocks Fall, Trump Says Iran Ceasefire Over; Oil Jumps • 7/8/26

• Wall Street is lower, with the Dow down almost 1%, S&P 500 down 0.5%, and Nasdaq down 0.3%, driven by geopolitical concerns.
• President Trump stated the Iran ceasefire is 'over' and threatened 'hard' strikes, causing oil prices to spike (US crude up 4% to over $73/barrel) and bond yields to rise.
• Shares of Home Depot and Sherwin Williams are down significantly, while Broadcom shares are up almost 2.5% on a $30 billion chip deal with Apple.

Financial markets are experiencing a broad sell-off following President Trump's declaration that the Iran ceasefire is over and threats of military strikes. This geopolitical tension has led to spiking oil prices, rising bond yields, and significant drops in major stock indices. Despite the overall market decline, Broadcom shares saw gains due to an expanded partnership with Apple.