Wall Street Rattled: Dow, S&P 500 Drop Second Day Amid Oil Price Surge

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Dow, S&P 500 Fall 2nd Day as Oil Surge Rattles Wall Street; Oracle Shines

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, US, on Friday, Feb. 6, 2026. Once Upon a Farm PBC shares are indicated to open at $21 to $22 each, as much as 22% above the initial public offering price of $18 per share.

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CNBC TV18•12-03-2026, 02:12

Dow, S&P 500 Fall 2nd Day as Oil Surge Rattles Wall Street; Oracle Shines

•Dow Jones and S&P 500 declined for a second consecutive day, while Nasdaq Composite saw a slight increase.
•Oil prices surged over 4%, with West Texas Intermediate reaching $87 and Brent crude hitting $92 a barrel.
•The oil price hike occurred despite the International Energy Agency's largest-ever release of 400 million barrels from reserves.
•Geopolitical tensions in the Middle East escalated, with reports of cargo ships hit off Iran's coast.
•Oracle shares jumped 9% after reporting better-than-expected earnings and raising its 2027 revenue forecast.

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