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Stocks sink as oil prices sizzle and U.S. hiring fizzles

On March 6, 2026, stocks fell, closing out a week of turbulence on Wall Street marked by signs that the U.S. labor market is weakening and mounting concerns about the economic impact of the war in Iran. The S&P 500 sank 91 points, or 1.3%, to close at 6,740, while the Dow Jones Industrial Average fell 489 points, or 1%. The tech-heavy Nasdaq Composite lost 1.1%.

US stocks close down as oil spikes 12%, job market weakens

On March 6, 2026, Wall Street's three main indexes closed down amid a sudden setback in the U.S. labor market and a 12% spike in U.S. oil prices due to the escalating conflict in the Middle East. The Dow Jones Industrial Average fell 0.95% to 47,501.55 points, posting its steepest weekly percentage drop since early April 2025.

US stocks rebound after strong economic updates and as oil prices stop spiking

On March 4, 2026, U.S. stock markets rebounded after two days of volatility. The S&P 500 rose 0.8%, the Dow Jones increased by 238 points (0.5%), and the Nasdaq climbed 1.3%. This recovery was supported by a halt in oil price spikes and encouraging U.S. economic data, including strong growth in the service sector and improved hiring by private employers.