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Stocks fell on Wall Street as another round of U.S. military strikes on Iran sent oil prices higher, stoking worries about stubbornly high inflation. Bond yields moved higher, putting even more pressure on stocks. The S&P 500 fell 0.7% Tuesday. The Dow Jones Industrial Average dropped 419 points, or 0.8%. The Nasdaq composite fell 1%. Big Tech stocks like Nvidia and Amazon were the heaviest weights dragging the market lower. Brent crude rose 4.6% and U.S. oil closed above $90 for the first time in more than a month. The yield on the 10-year Treasury rose to 4.79%.

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Xu Yangtian, also known as Sky Xu, chief executive officer of fast-fashion online retail giant Shein, attends its listing ceremony in Hong Kong, Tuesday, Sept. 1, 2026. (AP Photo/Chan Long Hei)

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The Metropolitan Museum of Art is canceling its planned exhibit honoring British designer John Galliano. The exhibit had led to severe backlash from the Jewish community and beyond because of the designer’s past antisemitic and racist statements. The museum said Monday the exhibit will be replaced by another show to be announced later. Galliano was long recognized as one of the fashion world’s biggest talents and was at the pinnacle of that world for years as creative director of Christian Dior. He was fired from the post when a series of racist and antisemitic comments from 2010 and 2011 surfaced and went viral, leading to his conviction in an antisemitism trial in France.

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FILE - Michael Jeffries, former CEO of Abercrombie & Fitch, leaves following a hearing at the Paul G. Rogers Federal Building and U.S. Courthouse, in West Palm Beach, Fla., Oct. 22, 2024. (AP Photo/Rebecca Blackwell, File)

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Seattle Seahawks cornerback Devon Witherspoon arrives for an NFL preseason football game against the Dallas Cowboys, Saturday, Aug. 15, 2026, in Seattle. (AP Photo/Lindsey Wasson)

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Seattle Seahawks cornerback Devon Witherspoon arrives for an NFL preseason football game against the Dallas Cowboys, Saturday, Aug. 15, 2026, in Seattle. (AP Photo/Lindsey Wasson)