Home > Business > US Stock Market Today: Dow Falls 177 Points, S&P 500 & Nasdaq Slide Deep into the Red Amid Iran Conflict; Crude Oil, Gas, Gold & Silver Surges; Bitcoin Retreat Near $65K

US Stock Market Today: Dow Falls 177 Points, S&P 500 & Nasdaq Slide Deep into the Red Amid Iran Conflict; Crude Oil, Gas, Gold & Silver Surges; Bitcoin Retreat Near $65K

Stock Market Today Updates: Wall Street opened stronger, Dow Jones surged 543 points, S&P 500 slipped 1.1% and Nasdaq drop 1.6% amid Iran Conflict. Oil neared $80, defense stocks rallied and gold climbed above $5,400 on heightened global risk.

By: Amreen Ahmad
Last Updated: March 2, 2026 22:03:07 IST

Stock Market Today Updates: The Wall Street suffered a shock following military actions by the US and Israel against Iran as it fuelled the prospect of broader warfare in the region where investors reacted swiftly. Oil prices surged to fresh 52 week highs, gold shot and volatility hit an all-time high of 2026. The initial sell off wiped out hundreds of billions of market value and recovered partially. The major force that led to the turmoil was energy risk especially those related to supply disruption at the Middle East.

U.S. Market Snapshot

Index

Level

Change

% Change

Dow Jones

48,821.20

-156.72

-0.32%

Nasdaq

22,636.11

-32.10

-0.14%

S&P 500

6,856.71

-22.17

-0.32%

Earlier in the session, the Dow had fallen more than 500 points or 1.1%, before paring losses.

Dow Jones

The Dow Jones Industrial Average fell sharply by more than 543 points intra day hitting close to 48,570. Home Depot and Nike are consumer-facing names, which fell by over 2, as they were being affected by inflation questions. Chevron energy giant increased by 1.05%, which softened the wider losses.

Nasdaq

In futures trading the Nasdaq Composite dropped by up to 1.6%. Stocks with high growth are susceptible to increased oil since inflation of energy may slow down interest rate reduction. AMD plummeted by 2.82%, Alphabet plummeted by 2.32 percent and Nvidia gained it by 1.93%.

S&P 500

At its lowest point, the S&P 500 has fallen by 1.1%. It is now recording two months of consecutive falls in the index. The energy and defense stocks have been one of the very few silver linings, which restricted the harm.

NYSE

The trading volumes were high in the New York Stock Exchange, as the CBOE Volatility Index climbed by 18 points and briefly exceeded 20. Although it was high, it was not as high as that which can be compared to full scale market panic.

How US-Iran Conflict Is Driving Crude Oil Prices Higher

The oil markets are in action where Iran is the fourth-largest producer of OPEC and the traders are worried that the supply will drop in case the retaliation goes viral. Any form of interference may constrain inventories around the globe very fast.

Crude Oil Surges Toward $80+ on Strait of Hormuz Supply Fears and Iran Conflict

Brent crude rose 9.30 or 79.40 and momentarily reached over 82 intraday. U.S. West Texas Intermediate shot up over 8% to an approximate of 73. The Strait of Hormuz is a very important chokepoint since almost 20% of oil shipments in the world are done through it.

What the Strait of Hormuz Crisis Means for Global Shipping

Large shipping firms halted the transit across Hormuz, diverting the ships around Africa even partial disruption can lead to higher freight expenses, decelerated supply chains and inflationary pressure in the world.

Defense Stocks Climbs After Attacks in Middle East

Defense contractors swung to arms where Lockheed Martin was up more than 6% and Northrop Grumman increased approximately 5%. AeroVironment, a drone manufacturer, surged over 10%, which indicates the possibility of an increase in defense expenditures.

Energy Shares Climb on Concerns Over Oil Supply Disruptions

Crude prices and oil majors went up, Exxon Mobil increased by over 4% and Chevron by approximately 3-4 and ConocoPhillips by over 5. Tanker shares Frontline jumped 5-7%.

Travel Stocks Falls as Iran Conflict Impacts Global Tourism

There was severe selling of airlines as United Airlines declined by more than 6%, American and Delta by more than 5%. The Marriott and Hilton Hotel operators dropped by 3-5%. The burden was the increasing fuel prices and travel inconveniences.

Gold & Silver Prices Jump on Rising Geopolitical Risk

Gold surged more than 2% and was trading at over $5,400 per ounce. The analysts at JPMorgan indicated that in case of the continuation of tensions, geopolitical risk would mean a 10% premium and investors moved to the old safe-haven assets.

Why are Bitcoin & Crypto Markets Falling Today?

Bitcoin stood at close to 65,800, a long way off the higher levels of approximately 126,000. Risk-off mentality generally takes a toll on crypto since investors shift towards cash and defensive resources.

Why are Oil, Gas & Gold Prices Surging?

Prices in the markets are reflecting supply shock and inflation risk with she spills of oil go directly to the transportation and production expenses. Gold is good as a hedge against inflation as well as geopolitical instability. The U.S. Dollar Index has also increased by 0.91% to 98.50 which adds to the safe-haven demand.

Will This US Stock Market Crash Continue?

Geopolitical selloffs may experience a lapse of history unless the energy prices are still high. Analysts caution that a prolonged Brent crude of over $80- 85 may trigger a recurrence of the inflation and postponing the Federal Reserve easing. The second important piece of data is the U.S. jobs report, where economists are projecting only 60,000 payroll increases in comparison to January, which was 130,000.

Top Gainers Today

Dow Jones

  • Nvidia (NVDA) +1.93%
  • Microsoft (MSFT) +1.70%
  • Chevron (CVX) +1.05%
  • Boeing (BA) +0.82%
  • Goldman Sachs (GS) +0.68%

Nasdaq

  • Intuit (INTU) +3.07%
  • Nvidia (NVDA) +1.83%
  • Microsoft (MSFT) +1.62%
  • Meta (META) +1.02%
  • Honeywell (HON) +0.66%

S&P 500

  • Northrop Grumman (NOC) +4.27%
  • ConocoPhillips (COP) +3.10%
  • Intuit (INTU) +3.07%
  • EOG Resources (EOG) +2.79%
  • Lockheed Martin (LMT) +2.54%

Top Losers Today

Dow Jones

  • Sherwin-Williams (SHW) -3.34%
  • Home Depot (HD) -2.69%
  • Nike (NKE) -2.28%
  • Walt Disney (DIS) -2.02%
  • Cisco Systems (CSCO) -1.86%

Nasdaq

  • Advanced Micro Devices (AMD) -2.82%
  • Charter Communications (CHTR) -2.54%
  • Alphabet (GOOG) -2.32%
  • Qualcomm (QCOM) -2.28%
  • ASML (ASML) -2.17%

S&P 500

  • Estée Lauder (EL) -3.68%
  • Sherwin-Williams (SHW) -3.28%
  • Advanced Micro Devices (AMD) -2.82%
  • Zoetis (ZTS) -2.70%
  • Home Depot (HD) -2.61%

FAQ’s: US Stock Market Update 

1. Why did markets fall sharply?

Rising oil prices and geopolitical escalation triggered inflation concerns and risk aversion.

2. Why are defense stocks rallying?

Investors anticipate increased military spending during prolonged conflict.

3. How critical is the Strait of Hormuz?

It handles roughly 20% of global crude shipments, making it vital for energy markets.

4. Is this a full market crash?

Volatility is elevated, but current declines remain below panic levels.

5. What should investors monitor next?

Oil prices, VIX levels and upcoming U.S. economic data.

Disclaimer: The information provided in this article is for informational purposes only and does not constitute financial advice. The Sunday Guardian suggests that readers consult with a certified financial advisor before making any investment or money-related decisions. The stock market involves significant risk.

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