Ferrovial Shares Plunge Over 5% as Dow Drops 1,000 Points
Ferrovial shares plunged over 5% at Tuesday's open as the Dow Jones fell 1,000 points and the Nasdaq 100 declined 2.2% after US and Israeli air strikes on Iran. Broader US markets saw the Russell 2000 slide 3.1% and Caterpillar slump 4.6%.
1. Market Sell-Off
US equity markets opened sharply lower with the Dow Jones Industrial Average down over 1,000 points or 2.3%, the Nasdaq 100 off 2.2% and the S&P 500 down 2.1% in early trade.
2. Ferrovial Decline
Shares of Ferrovial slumped more than 5% at the open, making it one of the hardest-hit names on the Nasdaq 100 during the session’s initial sell-off.
3. Geopolitical Escalation
US and Israeli forces conducted continued air strikes across Iran, while Israeli troops entered Lebanon and US embassies in Saudi Arabia and Kuwait temporarily closed due to retaliatory drone attacks.
4. Other Major Movers
The Russell 2000 small-cap index dropped 3.1%, Caterpillar slid 4.6%, Sherwin-Williams fell 3.6% and Goldman Sachs was down 3.2% among notable blue-chip declines.