U.S. Central Command said it destroyed five Iranian crude carriers after IRGC ballistic missiles targeted a Navy warship twice. Iran-backed Houthis hit Saudi cities and oil facilities, wounding 73. Brent approached $100. Jordan intercepted most of an Iranian missile salvo aimed at a U.S. base.
Tariffs of 15% to 50% on steel, dairy, appliances and more snapped in after midnight. President Trump ordered steps to remove Canadian-origin products from federal procurement in response.
Dow dropped 628 points, or 1.2%, to 52,786. S&P 500 lost 0.6% and Nasdaq 0.3%. Amgen led declines after a peer trial setback. Brent settled near $98 and traded higher after the tanker strikes.
Ballistic missiles and drones struck multiple sites, injuring 73 including civilians and temporarily halting some energy operations. Saudi officials confirmed fires at facilities. The toll from the wider Yemen offensive rose past 500.
Drones and missiles killed five and injured at least 10, damaging civilian infrastructure at 16 locations and sparking fires in five districts.
Alternative for Germany took 44% in Saxony-Anhalt, three seats short of a majority. Chancellor Merz’s party slumped. Coalition talks loom.
Authorities reported more than 13,500 people rescued so far from the flash floods that hit Nepal and parts of Tibet. Recovery continues.
Qualcomm will supply custom silicon for AWS AI infrastructure across generations, plus optical links up to 1.6 Tbps. Amazon received warrants to buy about $4 billion in Qualcomm shares. The pact deepens Qualcomm’s data-center push beyond phones.
The Mali G2-Ultra NX integrates neural accelerators into shader cores for neural graphics workloads on phones, reusing the GPU memory system for efficiency.
Shares jumped nearly 9% after the company said it plans price increases to improve margins. Corning also rose on a large Verizon fiber deal.
U.S. equities closed lower as rising oil prices revived inflation concerns ahead of key data this week. The 10-year Treasury yield touched 4.8%, its highest since 2023. Energy stocks gained while health care led declines after Novartis reported a Phase 3 setback that weighed on Amgen. Brent crude pushed toward $100 on the Middle East escalation and Canadian tariffs added another layer of trade uncertainty.
| Dow | 52,786.07 (−1.2%) |
| S&P 500 | 7,673.52 (−0.6%) |
| Nasdaq | 26,421.41 (−0.3%) |
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Aaron Judge returned to the Yankees lineup after 99 days on the IL with a rib fracture, starting in right field and batting third against Colorado. New York won 5-3.
Guardians beat Orioles 9-5. Astros edged Phillies 6-5. Twins took Tigers 3-2. Mets downed Marlins 7-5.
Baker Mayfield agreed to a $165 million, three-year extension with the Buccaneers, per an AP source.
Tua Tagovailoa named Falcons Week 1 starter against Pittsburgh; Michael Penix Jr. will be inactive.
Aryna Sabalenka advanced at the U.S. Open, beating Linda Noskova in three sets to keep title hopes alive.
How the U.S.-Canada tariff spiral is hitting everyday goods and procurement rules, with both sides digging in after talks collapsed.
Sioux Falls firefighters extinguished a kitchen fire at a motel on East 10th Street within five minutes Tuesday; one resident was treated and transported after getting out safely.
Brent crude’s push toward $100 comes as Hormuz traffic slowed to single-digit vessel counts after Iran’s latest threats and U.S. tanker strikes.
Oil near a hundred, tariffs on the books, and Judge back in the box.