Nasdaq falls 2.6% amid U.S. and Israel plans for attacks on Iran

U.S. stock markets experienced mixed results on Thursday, with the Nasdaq Composite leading declines by dropping 2.6%, according to milwaukeesun.com. The Standard and Poor's 500 also fell by 1.21%, while the Dow Jones Industrial Average inched up slightly by 0.02%.

The sell-off in technology shares contributed heavily to the Nasdaq's plunge, which closed at 26,008.86 points. The S&P 500 ended the day at 7,663.39 points, and the Dow closed at 52,866.85 points, milwaukeesun.com reported.

Oil prices surged following reports that the United States and Israel plan to resume bombing campaigns against Iran after the midterm elections, which influenced market movements. This geopolitical development also increased demand for U.S. Treasury bonds, pushing prices higher and yields lower.

Currency markets saw mixed movements as the U.S. dollar weakened against the euro and Australian dollar but gained against the Japanese yen, British pound, Canadian dollar, and Swiss franc, milwaukeesun.com added.

Global stock markets mostly closed lower, with Canadian, UK, European, and Asian stocks retreating, while Brussels markets defied the trend, milwaukeesun.com noted.