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Dow sinks 550 points as oil spike fuels Middle East fears

By Invezz May 04, 2026 Bearish
Dow sinks 550 points as oil spike fuels Middle East fears
Wall Street's main indexes closed lower on Monday as escalating tensions in the Middle East pushed oil prices higher, raising concerns about global stability and economic fallout. The Dow Jones Industrial Average fell 557.37 points, or 1.13%, while the S&P 500 declined 0.41%.
Wall Street's main indexes closed lower on Monday as escalating tensions in the Middle East pushed oil prices higher, raising concerns about global stability and economic fallout. The Dow Jones Industrial Average fell 557.37 points, or 1.13%, while the S&P 500 declined 0.41%.