S&P 500 Falls With Geopolitics in Focus Amid Israel-Iran Jitters

Smoke rises after a reported strike on a building used by Islamic Republic of Iran News Network, part of Iran's state TV broadcaster, in Tehran, on June 16.Photographer: Getty Images/Getty Images

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By Joel Leon

June 17, 2025 at 9:45 AM EDT

Updated on

June 17, 2025 at 5:05 PM EDT

The S&P 500 declined on Tuesday as fears over a potential US involvement in the conflict between Israel and Iran caused traders to take risk off the table.

The S&P 500 Index closed down 0.8% in New York, while the tech-heavy Nasdaq 100 Index lost 1%. The VIX Index hovered near 22, and West Texas Intermediate traded at around $75 a barrel. United Airlines Holdings Inc. and Delta Air Lines Inc. were some of the biggest losers in the S&P 500.