Dow Jones Surges Over 250 Points as Oil Prices Decline; S&P 500 Nears Third Weekly Loss

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Dow Jumps 250+ Points as Oil Retreats; S&P 500 Eyes Third Weekly Loss

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•13-03-2026, 20:31

Dow Jumps 250+ Points as Oil Retreats; S&P 500 Eyes Third Weekly Loss

•US stocks opened higher Friday; Dow Jones surged 261 points (0.6%), S&P 500 and Nasdaq Composite gained 0.5%.
•S&P 500 is set for its third consecutive weekly decline, down 0.3%; Dow tracking 1.1% weekly fall.
•Oil prices retreated: West Texas Intermediate (WTI) crude slipped 1% to $94, Brent eased 0.5% to $99 after crossing $100 on Thursday.
•Concerns over Iran conflict and Strait of Hormuz closure eased slightly after US Defense Secretary Pete Hegseth downplayed worries.
•Inflation data (PCE) rose 0.3% monthly, 2.8% annually; US GDP growth slowed to 0.7% in Q4 2025.

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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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