US stock market today dow jones crash 800 points: Dow, S&P 500 and Nasdaq all in deep red — What’s happening to Wall Street today?

Market Overview - The US stock market experienced a significant sell-off, with the Dow Jones Industrial Average dropping nearly 800 points, reflecting investor anxiety due to surging oil prices and rising geopolitical tensions in the Middle East [1][7][11] - Major indices ended in negative territory, with the Dow down 746 points (1.53%) to 47,993.41, the S&P 500 declining 54.67 points (0.80%) to 6,814.83, and the Nasdaq Composite slipping 109.82 points (0.48%) to 22,697.67 [1][11] Oil Market Impact - Oil prices surged sharply, with Brent crude climbing above $80–$84 per barrel and West Texas Intermediate (WTI) crude rising more than 5% to about $78.82–$79 per barrel, marking its highest level since June 2025 [1][9][14] - The Strait of Hormuz, a critical oil shipping route, faced disruptions, leading to fears of supply shortages and increased inflation pressure, which negatively impacted equity markets [8][10][13] Company Performances - Berkshire Hathaway saw a rise of more than 1% after announcing the resumption of share buybacks for the first time since 2024, with CEO Greg Abel purchasing $15 million worth of stock, signaling strong insider confidence [2][19][20] - Trade Desk was a standout performer, jumping 19.4% on a strong earnings report, while Palladyne AI soared 28%, reflecting continued momentum in AI infrastructure stocks [3][17] - Broadcom surged 5%, supported by ongoing demand for AI infrastructure and data-center technology, while NVIDIA edged up 0.5%, indicating resilience in the AI sector despite broader market declines [2][16][17] Sector Analysis - The energy sector remains a primary driver of market volatility, with rising oil prices creating fresh doubts about the Federal Reserve's potential interest rate cuts [5][10] - Concerns over rising Treasury yields and their impact on long-duration cash flows have negatively affected companies like Plug Power, which fell nearly 5% [3][5] Upcoming Catalysts - Investors are closely monitoring the situation in the Strait of Hormuz for any signs of resumed shipping, which could stabilize oil prices and alleviate pressure on equities [21] - The upcoming US monthly jobs report is anticipated to provide insights into the labor market's health, potentially reassuring investors about the economy's resilience [21] - Corporate earnings reports from companies like Costco and Marvell Technology are expected to influence market sentiment regarding consumer spending and technology demand [6][21]