Dow Jones drops 700+ points as oil jumps on Iran war fears; payrolls report next
New York, March 5, 2026, 12:39 EST — Regular session The Dow Jones Industrial Average dropped roughly 745 points, or 1.5%, to 47,994.03 by midday Thursday, underperforming both the S&P 500 and the Nasdaq. A renewed surge in crude prices weighed on sentiment. The S&P 500 slipped 0.65%, while the Nasdaq Composite edged down 0.3%.