Dow slides 400 pts, oil up 5% on Iran tension
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- Dow fell 400 points (CNBC) and 540 points (MarketWatch) as oil surged 5% on Iran tension fears.
- Oil rose roughly 5%, the steepest jump since the last Middle East flare‑up.
- S&P 500 slipped from record highs, erasing gains made earlier in the week.
- Nasdaq ended its longest winning streak since 1992, falling alongside the Dow.
Why it matters: Investors in energy stocks gain from the 5% oil surge, while equity holders lose as the Dow drops 400‑540 points, prompting a risk‑off that tightens corporate financing.
