U.S. Stocks Slide as Oil Jumps and Iran Tensions Escalate

U.S. equity markets move lower as rising oil prices and geopolitical tensions continue to weigh on sentiment. Concerns intensified after renewed warnings directed at Iran, adding to uncertainty ahead of key macro developments. The major indices are trading in negative territory, Dow Jones down 478 points (-1.03%), S&P 500 down 106 points (-1.62%), Nasdaq down 476 points (-2.17%). Despite previous attempts to stabilize, risk appetite remains fragile as traders react to both geopolitical risks and inflation concerns linked to higher energy prices.

Dow Jones Industrial Average (INDU)

The DJIA index shows signs of rejection after testing the EMA 200, with the index failing to close above this key technical level. The inability to sustain upward momentum suggests that bearish pressure remains dominant in the near term. Recent price action indicates a continuation of the downward move following the breakdown in structure seen earlier. The focus now shifts to lower levels, with 45,000 acting as an immediate support zone. A break below this level could open the path toward the 44,427 area, which stands as the next key downside target.

Gilead Sciences (GILD)

GILD remains in a broader bullish trend, but the share price is currently undergoing a bearish correction following the recent upward move. The pullback appears to be part of a normal retracement rather than a shift in the overall trend. Price is approaching a key support zone between $125.00 and $128.70, where multiple technical factors converge. This area includes horizontal support, the EMA 200, and Fibonacci retracement levels, making it a critical region to watch. If the price stabilizes within this zone, it could provide a foundation for a potential continuation of the broader bullish trend. However, a break below this support may signal a deeper correction in the near term.