Wall Street Slides 0.5% Over US-Iran Uncertainty

US stock indices fell ~0.5% as S&P 500 dropped to 7,076.10, Dow to 49,215.26, Nasdaq to 24,306.45 amid Middle East and Fed nominee concerns.
Senate hearing of Fed chair nominee Kevin Warsh, who advocated “regime change” at the Fed, pushed the 10‑year Treasury yield up 5 bps to 4.298%.
Uncertainty over U.S.-Iran peace talks, with Vice President Vance’s trip on hold and cease‑fire expiry looming, lifted oil prices near session highs.
Earnings season highlights: UnitedHealth up 8.2% after strong results; 3M fell 2.4% despite beating estimates; Apple slipped 2.1% after announcing its CEO transition.