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Dow Drops 800 Points Amidst Escalating Conflict
6 Mar
Summary
- Dow Jones fell nearly 800 points, turning negative for 2026.
- US crude prices surged over 8.5% to exceed $81 per barrel.
- Investors are urged to exercise caution due to the unresolved war.

Benchmark indices on Wall Street faced a sharp decline on Thursday, led by the Dow Jones, which fell nearly 800 points, pushing it into negative territory for 2026. This market sell-off was primarily driven by concerns over the escalating war with Iran and the subsequent surge in crude oil prices. US crude (West Texas Intermediate) saw its biggest single-day gain since May 2020, closing above $81 per barrel, while Brent crude also traded above $84 a barrel.
The conflict's impact is being felt across asset classes. The US Dollar index showed resilience, recovering from earlier weakness. However, gold and silver prices dipped, contrary to their typical wartime premium, influenced by a stronger dollar and diminished expectations of Federal Reserve interest rate cuts. Bitcoin also experienced a decline but remained above the $70,000 mark.




