● BREAKING — FEB 28, 2026
OPERATION EPIC FURY — U.S. DECLARES WAR ON IRAN

S&P 500 After U.S. Military Actions

50-year record · 20 events · 4 categories · Direct wars, coalition, CT strikes & proxy ops
TYPE: DIRECT COALITION CT STRIKE PROXY LIVE
Type Event Date D+1 1Wk 1Mo 3Mo 6Mo 1Yr Oil Notes
* Sources: Bloomberg, S&P Capital IQ, LPL Research, J.P. Morgan, Invesco, AllianzGI, iSectors, Dunham, Fidelity.
* ⚠ Distorted = return impacted by unrelated macro shock. Excluded from averages.
* 🔵 Proxy/Support = U.S. did NOT directly engage in combat. Separate behavioral category.
Avg S&P 500 Return — Direct Wars (excl. distorted)
Day+1 Return by Event
1-Year Return by Event
Avg 1-Year Return by Engagement Type