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US Stock Market Live Updates: Wall Street opens in red on Monday after Donald Trump ordered a naval blockade of the Strait of Hormuz, following the collapse of US-Iran talks in Islamabad. Losses, however, narrowed as markets steadied.Dow Jones Industrial Average opened 251 points, or 0.5% lower. The S&P 500 and Nasdaq Composite also declined 0.2% each in early trade, indicating a cautious start to the week.This is after Dow futures were down as much as 500 points an hour ago at around 17:30 IST.In a Truth Social post, Trump said the US Navy would begin blocking ships entering or leaving the strait from 10 a.m. ET, with support from other countries. The move came after Vice President JD Vance exited talks, citing Iran’s refusal to curb its nuclear programme. Iran, in turn, pushed for control of the strait, war reparations and access to frozen assets.The escalation lifted oil prices. Brent crude rose as much as 9% to near $104 per barrel before easing to above $101. West Texas Intermediate crossed $104 and remained up over 7%–8%.Higher oil prices have revived concerns around inflation and global growth. Iran warned it would target Persian Gulf ports if its energy infrastructure is hit, calling the US move “an act of piracy.”It is pertinent to note that last week’s ceasefire had driven a strong rally, with the S&P 500 gaining 3.6%, the Nasdaq rising 4.7% and the Dow adding 3%. The truce appears to be holding for now, even as tensions persist.Focus now shifts to earnings. Goldman Sachs is set to report Monday, followed by JPMorgan Chase, Citigroup, Wells Fargo, Morgan Stanley and Bank of America later this week.Amazon is leading the rebound among the “Magnificent 7” stocks, rallying sharply to test a crucial resistance zone after its strongest three-day surge in five months.The stock is now approaching a key technical hurdle around the $238–$240 range, which has capped gains multiple times since early 2025, while also facing a broader downtrend from previous highs. This places the stock at an important inflection point, with recent weakness suggesting a potential pause near resistance.A decisive breakout above $240 could pave the way for a retest of all-time highs near the $255–$260 zone. On the downside, the $220–$225 range remains a key support area, aligning with the 200-day moving average and recent buying interest.CNBCBitcoin pulled back to the $70,000 level over the weekend after ending the previous week on a strong note, as geopolitical tensions weighed on sentiment.The flagship cryptocurrency had closed above $73,000 on Friday, gaining around 9% for the week, marking its second straight weekly advance and its best performance since early October.Meanwhile, exchange-traded funds tracking Bitcoin saw robust investor interest, recording net inflows of $786.31 million for the week, the highest since late February.

US equities opened Monday’s session in the red, with the Dow Jones Industrial Average falling 251 points, or 0.5%. The S&P 500 and Nasdaq Composite also declined 0.2% each in early trade, indicating a cautious start to the week.The United Kingdom has said it is “not supporting” the United States blockade of Iranian ports, with Prime Minister Keir Starmer stressing that Britain will not be “dragged into” the ongoing Iran conflict.The remarks come as Emmanuel Macron confirmed that France and the UK will co-host a conference in the coming days aimed at restoring freedom of navigation in the Strait of Hormuz.Macron indicated the initiative would focus on a “peaceful multinational” and “strictly defensive” mission, positioning it as separate from any direct military involvement linked to the blockade.Shares of Williams-Sonoma rose over 2% after Goldman Sachs upgraded the stock to “buy,” citing attractive valuations and highlighting the company’s strong portfolio of retail brands.Meanwhile, Best Buy fell about 4% after Goldman downgraded the stock to “sell.” The brokerage flagged potential downside risks to sales beyond the first quarter, noting that rising memory costs could push up laptop and computer prices, impacting demand.Shares of Fastenal declined more than 4% despite reporting first-quarter results in line with Street expectations. The company posted earnings of 30 cents per share on revenue of $2.2 billion, matching analyst estimates.NewsLive TVMarketPopular CategoriesCalculatorsTrending NowLet's Connect with CNBCTV 18Network 18 Group :©TV18 Broadcast Limited. All rights reserved.