Stock Market Today, Mar. 5: Oil Surge and AI Export Fears Drag Down Major Indexes

The S&P 500 (SNPINDEX:^GSPC) fell 0.58% to 6,829.91, the Nasdaq Composite (NASDAQINDEX:^IXIC) slipped 0.26% to 22,748.99, and the Dow Jones Industrial Average (DJINDICES:^DJI) tumbled 1.61% to 47,954.75 as surging oil prices and Iran-war tensions reignited inflation worries. Market movers Nvidia, Lam Research, and Applied Materials retreated after reports of possible new global AI-chip export rules that could require the companies to obtain licenses to export chips worldwide. Meanwhile, The Trade Desk jum ...