Dow Jones Falls 482 Points as Oil Rises 5% on Iran
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- President Donald Trump warned Iran must make a deal or face a continued onslaught and hinted at taking control of Iran's oil.
- Senior Iranian official called the U.S. proposal to end four weeks of fighting one‑sided and unfair, saying diplomacy had not ended.
- U.S. crude futures settled up 4.6% and Brent futures rose 5.7%, reflecting oil price spikes after the conflict intensified.
- Dow Jones Industrial Average fell 481.68 points, or 1.04%, to 45,955.00, while the S&P 500 lost 114.79 points (1.74%) and the Nasdaq Composite dropped 513.56 points (2.34%).
- Energy sector posted the largest gain among S&P 500 industries, whereas communications services and technology were the biggest laggards.
- Meta and Alphabet shares slipped after jurors found them liable in child‑harm lawsuits, and Nvidia led the Dow’s declines as chip stocks fell.
- OECD warned the Middle East conflict could push inflation sharply higher, narrowing the Federal Reserve’s room to cut rates this year.
Why it matters: Investors see sizable losses as the Dow, S&P 500 and Nasdaq tumble, while energy stocks profit from the 4‑6% oil rally; the surge in oil threatens higher inflation, narrowing the Federal Reserve’s room to cut rates this year for policy makers.
