Fair Isaac Shares Plunge 5.8% as Nasdaq Falls 0.9%
Nasdaq slid 0.9% and the S&P 500 dropped 0.7% as Iran denied any ceasefire talks. Fair Isaac shares plunged 5.8%, the steepest decline among major tech and consumer names in early trading.
1. Market Opens Lower on Iran Denial
Wall Street opened sharply lower with the Dow Jones down 0.8%, the S&P 500 off 0.7% and the Nasdaq slipping 0.9%. Markets swung after initial hopes of a U.S.-Iran pause on military action faded when Tehran denied any direct or indirect ceasefire discussions, sending oil futures and bond yields into volatile trading.
2. Fair Isaac Sees Sharpest Drop
Fair Isaac shares fell 5.8%, the largest decline among consumer and technology names, as investors dumped riskier assets on uncertainty over Middle East tensions. Other major decliners included Estée Lauder down 7.4%, CrowdStrike off 5.0%, Datadog and Gartner each down about 4.7%, underscoring broad sector weakness.