Dow Jones Gains Over 200 Points as Oil Prices Decline Amidst US-Israel-Iran Tensions

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Dow Jones Surges 200+ Points as Oil Prices Drop Amid US-Israel-Iran Conflict

The S&P 500 fell 0.9% on Monday, while the Nasdaq fell 0.8%. The fall in both the indices was cushioned by a 3.5% surge in Google-parent Alphabet, which rose after Berkshire Hathaway disclosed a stake worth nearly $5 billion in the company. Rest of the big tech shares, including Nvidia, ended lower.

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CNBC TV18•10-03-2026, 20:57

Dow Jones Surges 200+ Points as Oil Prices Drop Amid US-Israel-Iran Conflict

•US stocks, including Dow Jones, S&P 500, and Nasdaq Composite, opened higher, extending previous gains.
•Dow Jones Industrial Average rose 248 points (0.5%), S&P 500 gained 0.4%, and Nasdaq Composite advanced 0.6%.
•Oil prices eased significantly: West Texas Intermediate fell 11% to $84/barrel, Brent dropped over 10% to $88.8/barrel.
•Mixed signals from the Iran conflict: Donald Trump suggested an end soon, Pete Hegseth warned of intense strikes, while Mohammad-Bagher Ghalibaf stated Iran is not seeking a ceasefire.
•Investors are monitoring G7 and International Energy Agency responses, including potential emergency oil reserve releases, and upcoming US inflation data (CPI, PCE).

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Representational image (Image: News18)

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