US stock market big crash today: Why Dow, S&P 500, Nasdaq in deep red today? Oil, gas and gold prices surge — here are the defence and energy stocks gaining big
The Economic Times·2026-03-02 14:48

US stock market crash today shook Wall Street as investors reacted instantly to escalating tensions in the Middle East. The Rising oil prices triggered the selloff. Brent crude jumped as much as 13% intraday, briefly crossing $82 per barrel before easing below $80. West Texas Intermediate (WTI) crude surged around 8% near $73. Higher gas prices feed directly into consumer inflation. Higher inflation forces the Federal Reserve to keep interest rates elevated longer. Higher rates crush corporate earnings, sq ...