US stock market suffers biggest one-day drop in 2 months amid Gulf war

US stock market indices Nasdaq and S&P 500 suffered their biggest one-day drop in over two months on Thursday. S&P 500 fell over 1.7% and Nasdaq tumbled over 2% to confirm a correction, dropping over 10% from the record high it hit in October last year. This comes as investors look towards safe havens amid the Middle East war.