AP
Financial Markets Wall Street
Meric Greenbaum works on the floor at the New York Stock Exchange in New York, Tuesday, March 3, 2026.
As featured on
A sell-off for stocks is slamming into Wall Street after wrapping around the world, as oil prices leap even higher on worries that the widening war with Iran may do more sustained damage to the economy than feared. The S&P 500 dropped 1.6% Tuesday. The Dow Jones Industrial Average tumbled 840 points, and the Nasdaq composite sank 1.7%. It was just a day ago that U.S. stocks opened with sharp losses, only to recover all of them and end the day with slight gains. But that was with the caveat that oil prices did not jump too high. Brent crude climbed above $83 per barrel.
