US Equity Indexes Trade Mixed, Treasury Yields Jump Amid Iran War

12:40 PM EST, 03/02/2026 (MT Newswires) -- US equity indexes were mixed while government bond yields rose in midday trading on Monday amid the US- and Israel-led war on Iran.

The Nasdaq Composite rose 0.3% to 22,739.1, while the Dow Jones Industrial Average declined 0.2% to 48,891.65. The S&P 500 slipped less than 0.1% to 6,880.1. Energy, technology, and industrials were the only gainers. Health care and consumer staples were among the decliners.

President Donald Trump told CNN the "big wave" is yet to come in the war with Iran. Meanwhile, US Defense Secretary Pete Hegseth called on Iranians to "take advantage" of the opportunity for regime change, even as he said the war was not about ousting the government in Tehran.

In energy markets, West Texas Intermediate crude oil futures jumped 5.3% to $70.64 a barrel, off session highs.

In precious metals, gold futures rose 1.2% to $5,303.3 per troy ounce, while silver futures slumped 6.5% to $87.21 per troy ounce.

The ICE US Dollar Index, which measures the strength of the greenback against a basket of the world's major currencies, was up 0.9% to 98.53.

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