Today's session saw a mixed but volatile market, with the Dow Jones Industrial Average leading the decline, dropping 576.76 points (-1.09%) to close at 52,348.39, while the Nasdaq Composite managed a modest gain of 51.96 points (+0.20%) to finish at 25,870.65. The S&P 500 fell slightly, closing down 21.14 points (-0.28%) at 7,482.71. The divergence reflected a sector split, as tech stocks rallied while energy and industrials faced pressure. The primary driver was geopolitical tension, with oil prices surging after comments from former President Trump indicating that attacks on Iran would continue and declaring the ceasefire "over." The resulting uncertainty sent the Dow tumbling over 500 points at its lowest, while the Nasdaq saw resilience in chip and tech stocks despite earlier reports of a 2% drop in the Nasdaq 100.
Oil prices were a dominant theme, climbing sharply on fears of escalating conflict in the Middle East, which also pushed the 10-year Treasury yield higher. Meanwhile, Nvidia remained in focus amid a broader rout in semiconductor stocks, with analysts debating whether its recent $1 trillion decline presented a buying opportunity. Warren Buffett’s cautionary remarks added to the cautious tone, as he warned investors of potential market risks ahead. Despite the Dow’s steep losses, the Nasdaq’s ability to close in positive territory highlighted a rotation into tech, though broader sentiment remained risk-averse. The session undersc