Dow Logs Lowest Close of 2026 as Iran Tensions Ramp Up

Schaeffers
2026.03.05 21:27
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The Dow and Nasdaq faced significant losses as tensions with Iran escalated, leading to a surge in crude oil prices above $80. The Dow recorded its lowest close of 2026, dropping over 1,000 points at its worst. The Russell 2000 Index fell nearly 2%, and the Cboe Volatility Index reached its highest close since November 2020. Meanwhile, gold prices rose amid geopolitical uncertainty, with April-dated gold futures settling at $5,177.60 an ounce.