Dow plummets, S&P 500 and Nasdaq fall as oil surges to hi...

March 5, 2026

Article from Yahoo Finance by Rian Howlett and Jake Conley

Article Synopsis

U.S. stocks closed lower Thursday as escalating conflict in the Middle East and rising oil prices pushed investors toward a risk-off stance. The Dow Jones Industrial Average fell more than 750 points (1.6%), wiping out its gains for 2026, while the S&P 500 and Nasdaq also posted losses. Oil prices climbed to their highest levels since 2024 amid concerns about reduced Iranian production, raising fears that higher energy costs could fuel inflation and complicate Federal Reserve interest-rate decisions. Investors are now watching Friday’s jobs report for further signals on the health of the U.S. economy.

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