Dow drops 500 points as Brent crude surges above $100; Alphabet and Tesla tank: Live updates
U.S. equities fell on Thursday, as oil prices surged amid escalating conflict in the Middle East.
AI Summary
U.S. equities tumbled Thursday, with the Dow falling 527 points, as oil prices surged past $100 per barrel amid escalating Middle East conflict and threats from President Trump. Brent crude rose 6% to trade above $100, while Alphabet and Tesla shares both dropped, weighing on the Nasdaq. The rise in oil prices fueled inflation concerns and pushed Treasury yields higher.