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Dow tumbles 160 points as oil spikes and Iran risk rattles blue chips while tech rallies
Economy
Published on 4 May 2026
Oil above $100 hits Dow hardest as tech shrugs
US markets are moving in opposite directions: the Dow Jones falls more than 160 points as oil climbs above $100 and Iran tensions dent confidence. At the same time, the S&P 500 and Nasdaq stay positive, helped by resilient tech and AI optimism. Rising Treasury yields add pressure on traditional blue chips, while investors appear to rotate rather than flee risk.
- Dow drops sharply as energy and Iran worries dominate
- S&P 500 and Nasdaq hold up, led by tech strength
- Rising Treasury yields weigh on blue-chip stocks
- Investors rotate toward growth despite higher energy risk
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times