financetom
Market
financetom
/
Market
/
Dow Jones ends steady, oil collapse pressures energy sector
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Dow Jones ends steady, oil collapse pressures energy sector
Mar 11, 2026 7:14 AM

US stock indices showed mixed performance during trading on Tuesday as markets continued to monitor developments in the Middle East between the United States and Iran and their impact on global energy supplies.

President Donald Trump predicted a quick end to the war with Iran, which had disrupted global crude flows and triggered a sharp drop in oil prices.

Midway through Tuesdays session, oil prices briefly declined further after US Energy Secretary Chris Wright posted on X that the US military had facilitated the passage of an oil shipment through the Strait of Hormuz, before later deleting the post.

The drop followed a record surge in oil prices that pushed them on Monday to their highest levels since June 2022, above $119 per barrel, amid production cuts from Saudi Arabia and other producers, raising fears of major disruptions to global supplies.

Brent crude futures for May delivery fell 11.28%, or $11.16, at settlement to $87.80 per barrel.

US Nymex crude futures for April delivery declined 11.94%, or $11.32, to close at $83.45 per barrel.

At the close, the Dow Jones Industrial Average slipped 0.1%, or 34 points, to 47,706 points, after touching a high of 48,220 and a low of 47,444.

The broader SP 500 index fell 0.2%, or 14 points, to 6,781 points, reaching a high of 6,845 and a low of 6,759.

Meanwhile, the Nasdaq index edged up by less than 0.1%, or about 1 point, to 22,697 points, after hitting a high of 22,906 and a low of 22,608.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
US STOCKS SNAPSHOT-Futures jump as inflation cools in May
US STOCKS SNAPSHOT-Futures jump as inflation cools in May
Jun 12, 2024
June 12 (Reuters) - U.S. stock index futures rose on Wednesday after key inflation data showed price pressures cooled more than expected, boosting hopes for interest-rate cuts later this year. A Labor Department report showed the Consumer Price Index was unchanged on a monthly basis, where it was expected to rise 0.1%. On an annual basis, inflation rose 3.3%, lower...
Exchange-Traded Funds, Equity Futures Higher Pre-Bell Wednesday Ahead of US FOMC Announcement
Exchange-Traded Funds, Equity Futures Higher Pre-Bell Wednesday Ahead of US FOMC Announcement
Jun 12, 2024
08:34 AM EDT, 06/12/2024 (MT Newswires) -- The broad market exchange-traded fund SPDR S&P 500 ETF Trust ( SPY ) was up 0.1% and the actively traded Invesco QQQ Trust (QQQ) was 0.2% higher in Wednesday's premarket activity, ahead of the US Federal Reserve's monetary policy announcement. US stock futures were also higher, with S&P 500 Index futures up 0.1%,...
Futures flat as investors brace for inflation data, Fed decision
Futures flat as investors brace for inflation data, Fed decision
Jun 12, 2024
(Reuters) -U.S. stock index futures traded flat to marginally higher on Wednesday as investors awaited a key inflation reading and a policy announcement from the Federal Reserve as it concludes its two-day meeting. Markets have been broadly cautious this week, seeking clearer signs on the central bank's likely policy path, although a surge in Apple shares helped lift the S&P...
Sector Update: Tech
Sector Update: Tech
Jun 12, 2024
08:48 AM EDT, 06/12/2024 (MT Newswires) -- Technology stocks were edging higher premarket Wednesday, with the Technology Select Sector SPDR Fund (XLK) advancing by 1.2% and the SPDR S&P Semiconductor ETF (XSD) up 0.1%. Oracle (ORCL) shares were up over 6% after the company reported an increase in fiscal Q4 sales and unveiled partnerships with Microsoft ( MSFT ) and...
Copyright 2023-2026 - www.financetom.com All Rights Reserved