AP
Financial Markets Wall Street
Anthony Matesic works on the floor at the New York Stock Exchange in New York, Thursday, March 5, 2026.
As featured on
Stocks are falling sharply on Wall Street as oil prices rise further because of the war with Iran. The S&P 500 sank 1.3% Thursday, coming off a frenetic start to the week that saw financial markets swerve sharply, sometimes hour by hour. The Dow Jones Industrial Average dropped 964 points, and the Nasdaq composite fell 1.1%. Airlines and stocks of smaller U.S. companies tumbled to some of the sharpest losses. Oil prices rallied following the latest escalations in the war with Iran. Treasury yields also jumped with worries that higher inflation could keep the Federal Reserve from cutting interest rates.
