The Economic Times

US stock market big crash today: Why Dow, S&P 500, Nasdaq in deep red today? Oil, gas and gold prices surge here are the defence and energy stocks gaining big

US stock market crash today erased over 500 Dow points as oil prices spiked 13% after USIsrael strikes on Iran. The Dow Jones fell 1.1%. The S&P 500 dropped 1%. The Nasdaq slid 1.1% in heavy selloff trading. Brent crude jumped above $82. WTI surged near $73. Gold climbed past $5,400. The US dollar index rose 0.9%. Investors fear higher inflation and delayed Federal Reserve rate cuts. Treasury yields moved higher, not lower. Energy and defence stocks gained on oil shock bets. Airline and tech stocks fell on cost pressure. If crude stays elevated, volatility may deepen across Wall Street.