Dow Jones Plunges 800 Points, Enters Negative Territory for 2026 Amid Surging Oil Prices

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Dow Jones Plunges 800 Points, Turns Negative for 2026 Amid Surging Oil Prices

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, US, on Monday, Sept. 22, 2025. Wall Street traders left stocks hovering near all-time highs amid calls for a break after a $15 trillion rally from April lows, with traders awaiting a handful of Federal Reserve speakers and a key inflation measure. Photographer: Michael Nagle/Bloomberg

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CNBC TV18•06-03-2026, 05:07

Dow Jones Plunges 800 Points, Turns Negative for 2026 Amid Surging Oil Prices

•Dow Jones fell nearly 800 points, turning negative for 2026, driven by fears of economic costs from the Iran war.
•US crude (WTI) surged 8.5% to over $81/barrel; Brent topped $86/barrel as West Asia conflict rages.
•S&P 500 and Nasdaq also closed lower; US Dollar index recovered to settle above 99.
•Gold, Silver, and Bitcoin prices dropped, negating war premium, as Fed rate cut hopes fade.
•Experts warn of inflation and caution; chipmakers Nvidia and AMD faced pressure over potential US chip regulations.

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