The Economic Times

Why is Dow Jones down today: Dow crashes more than 270 points today S&P 500 and Nasdaq also in deep red

Why is Dow Jones down today: Dow Jones Industrial Average dropped 271.87 points on Thursday, falling 0.55% to close at 49,390.79. The S&P 500 fell 0.37% to 6,855.89, while the Nasdaq Composite dropped 0.33% to 22,677.60. High crude oil prices and rising U.S.-Iran tensions triggered the sell-off. Investors dumped software stocks like Salesforce after Mistral AI warned that AI could replace 50% of enterprise software. Amazon officially surpassed Walmart in annual revenue, fueling a massive market rotation.