Stock Market Today: Major Indexes Sink, Oil Prices Soar as Trump Says Iran Truce ‘Over,’ Threatens Further Attacks; Dow Sheds 650 Points

Key Points:

• The White House's 2025 restrictions on international students led to a 33% drop in F-1 visa issuance, potentially reducing U.S. GDP by $240 billion to $481 billion annually in a decade, equivalent to the economy of Wisconsin, according to the Peterson Institute for International Economics.
• Wall Street shows enthusiasm for SpaceX following its IPO, benefiting related stocks such as EchoStar, Charter Communications, and Tesla, though these stocks have seen declines this year amid broader market challenges and company-specific issues.
• The Dow Jones Industrial Average fell sharply by about 760 points (1.4%), with only five of its 30 components trading positively; Chevron and Walmart led gains with increases above 1%.
• Delta Air Lines is expected to experience a significant stock price move (around 6%) following its upcoming earnings report, amid easing fuel cost concerns but renewed oil price volatility due to geopolitical tensions.
• Rising oil prices have negatively impacted airline and cruise stocks, with major carriers and cruise operators seeing declines exceeding 1.5%, as oil remains a major expense for these industries.
• Semiconductor stocks continue to decline following underwhelming earnings from Samsung and renewed concerns about an AI market bubble, with key chipmakers and related ETFs dropping in premarket trading.
• FuelCell Energy shares plunged over 20% after announcing a $215 million stock offering aimed at expanding manufacturing capacity and supporting growth, despite the stock's strong year-to-date gains.