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trading included airlines, as several carriers halted flights and crude prices shot up 8%, while an overall cloudy outlook for the global economy weighed on financial stocks.Delta DAL.N and United Airlines UAL.O tumbled over 5% each in premarket trading. Big banks such as Bank of America BAC.N and Citigroup C.N slid over 2% each.Investors instead flocked to traditional safe havens such as the dollar USD=, while higher precious metal prices helped miners such as Gold Fields GFI.N gain 3.6% and Barrick Mining B.N added 2.8%.More: Trump braces public for more US combat deaths. Iran live updates.Also getting a bid were defense stocks such as Lockheed Martin LMT.N and RTX RTX.N that jumped around 6% each, while Kratos KTOS.O surged 9% and AeroVironmentAVAV.Ojumped 10.3%.After coordinated U.S. and Israeli strikes on Iran over the weekend killed Supreme Leader Ayatollah Ali Khamenei, Israel launched retaliatory attacks following air strikes by Iran and Hezbollah militants in Lebanon, deepening fears that the conflict could widen further across the region.More: Oil jumps, stocks sell off as trading gets underway amid Iran strikesU.S. President Donald Trump also said the conflict could stretch on for another four weeks, according to a report, adding that attacks would continue until the U.S. achieves its stated objectives."Jumping to conclusions about President Trump's weekend policy actions and comments can be a mistake as often as it is the right course of action, but the most important part of the president's broadcast yesterday was that U.S. action will continue for 'weeks', rather than days. That promises a more durable market impact," SocGen analysts said in a note.At 4:17 a.m. ET, Dow E-minis YMcv1 were down 572 points, or 1.17%, S&P 500 E-minis EScv1 were down 75.75 points, or 1.1%, and Nasdaq 100 E-minis NQcv1 were down 364.5 points, or 1.46%.Wall Street's fear gauge, the CBOE VIX index .VIX jumped 3.84 points to a three-month high of 23.7.The geopolitical shock comes at a time when markets are already in a state of uncertainty over AI-disruption worries, jitters in the private credit space and a cloudy trade outlook.The S&P 500 and the Nasdaq posted their steepest monthly drops since March 2025. In contrast, the Dow managed to eke out gains for a tenth consecutive month, its longest winning streak since a 10-month run that ended in January 2018.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,808.19 -73.43 (-1.07%)Dow 3048,451.88 -452.90 (-0.93%)Nasdaq22,475.72 -273.14 (-1.20%)Russell 20002,620.90 -35.04 (-1.32%)VIX22.76 +1.32 (+6.14%)Gold5,120.60 -191.00 (-3.60%)Trending tickersPLUG Plug Power Inc. 2.3350 +0.5250 (+29.01%)MOBX Mobix Labs, Inc. 0.8073 +0.6303 (+355.30%)TGT Target Corporation 120.19 +7.01 (+6.20%)MDB MongoDB, Inc. 259.36 -65.65 (-20.20%)SE Sea Limited 87.98 -17.24 (-16.38%)PortfolioSign in to access your portfolioSign inTop gainersKTB Kontoor Brands, Inc. 79.02 +14.20 (+21.91%)INGM Ingram Micro Holding Corporation 24.46 +3.10 (+14.54%)INTA Intapp, Inc. 26.36 +2.92 (+12.46%)PINS Pinterest, Inc. 19.25 +1.77 (+10.10%)ASTS AST SpaceMobile, Inc. 95.80 +8.88 (+10.22%)Top losersMDB MongoDB, Inc. 261.26 -63.75 (-19.62%)LIF Life360, Inc. 44.90 -8.90 (-16.54%)STNE StoneCo Ltd. 14.21 -2.83 (-16.59%)SE Sea Limited 88.22 -16.99 (-16.16%)CRDO Credo Technology Group Holding Ltd 96.86 -17.36 (-15.20%)Most activePLUG Plug Power Inc. 2.3400 +0.5300 (+29.28%)NVDA NVIDIA Corporation 179.58 -2.79 (-1.53%)ONDS Ondas Inc. 10.08 -0.59 (-5.49%)AAL American Airlines Group Inc. 12.46 -0.07 (-0.52%)F Ford Motor Company 12.83 -0.57 (-4.22%)Top economic eventsEarnings eventsMy earnings eventsEarnings events