03:51 PM EDT, 05/04/2026 (MT Newswires) -- US equity indexes fell ahead of Monday's close amid reports of fresh strikes in the Middle East, fueling concern that the Iran ceasefire is at risk of falling apart.

The Nasdaq Composite fell 0.1% to 25,080.1, the S&P 500 slid 0.4% to 7,203.3, and the Dow Jones Industrial Average declined 1.1% to 48,966.7.

All sectors except energy retreated, with materials and industrials leading the decliners.

The US and Iran exchanged fire in the Persian Gulf in a flareup of violence on Monday that also drew in the United Arab Emirates, prompting calls for renewed strikes on Iranian targets, Bloomberg reported.

The US military fought off attacks from Iranian drones, missiles, and armed small boats as it facilitated the passage of two US-flagged vessels through the Strait of Hormuz, US Central Command chief Admiral Brad Cooper was cited as telling reporters in a briefing on Monday.

West Texas Intermediate crude oil futures jumped 3.2% to $105.14, and Brent crude futures surged 5.2% to $113.79.