Mumbai, June 16 -- The Dow plummeted 769.83 points (1.8%) to 42,197.79, the Nasdaq plunged 255.66 points (1.3%) to 19,406.83 and the S&P 500 tumbled 68.29 points (1.1%) to 5,976.97.

Israeli airstrikes on Iran's nuclear and missile sites killed three senior military leaders, prompting Iran to retaliate with over 100 drones aimed at Israeli territory. The escalation has sparked fears of a broader conflict, pushing crude oil prices higher due to supply concerns. In response, former President Donald Trump urged Iran on Truth Social to strike a nuclear deal before the violence worsens. He warned of greater destruction ahead, calling for an immediate end to the bloodshed.

University of Michigan published a report showing a substantial improve...