Global equities faced a decline on Tuesday as investors turned to safe haven assets, including gold, amid rising concerns about supply as Iran launched missiles at Israel. The MSCI global equities index dropped, along with Treasury yields, as oil futures rallied due to the escalating conflict. Despite the initial market reaction, Wall Street stocks managed to finish above their session lows. The U.S. dollar index and gold both rose, with investors seeking less risky investment options. Oil prices also surged amidst worries about potential supply disruptions. U.S. investors were additionally concerned about the aftermath of Hurricane Helene and a strike by dockworkers affecting ocean shipping in the country. The geopolitical tensions in the Middle East, coupled with domestic issues, put pressure on equities, which had recently reached record closing highs. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all ended the day in negative territory. As market volatility increased, the fear gauge on Wall Street rose to its highest level in several weeks. In the foreign exchange market, safe haven currencies like the Japanese yen and Swiss franc gained ground. The U.S. dollar also strengthened following positive U.S. labor market data and comments from Federal Reserve Chair Jerome Powell. As investors sought safety, U.S. Treasuries saw increased demand, leading to a drop in yields. Precious metals, including gold, were also in demand as uncertainties loomed over the market. The ongoing tensions between Iran and Israel remained a focal point for investors, with many closely watching for further developments. Stock market participants were cautious as they navigated through the uncertainties surrounding the geopolitical situation.