Dow drops over 500 points as crude oil surges past $100
after close1 source ↓written by the desknot a recommendation
- amid rising crude
- 500 points
- a barrel
- $100
- also dropped
- 2%
U.S. equities faced significant declines on Thursday, with the Dow Jones falling over 500 points amid rising crude oil prices, which surpassed $100 a barrel for the first time since May 2026. The Nasdaq Composite also dropped over 2%, pressured by falling shares of Tesla and Alphabet following disappointing earnings reports. This market reaction follows President Trump's renewed threats against Iran after recent attacks on Saudi tankers.
Not investment advice. For informational purposes only.