Dow drops more than 700 points as Iran war uncertainty continues

The Dow Jones Industrial Average fell more than 700 points on Friday as investors grew increasingly uncertain about potential military escalation involving Iran. The S&P 500 extended its losing streak to five consecutive weeks, reflecting broader market anxiety over geopolitical risk. War uncertainty typically triggers sell-offs as investors flee to safer assets and reassess company valuations amid economic instability. The losses signal that markets remain sensitive to Middle East tensions and their potential impact on global oil supplies, inflation, and corporate earnings. Yahoo Finance senior reporter Brooke DiPalma discussed the market reaction on CBS News.