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Dow Jones Drops 500 Points, Oil Surges 8 Percent at Opening Bell

Dow Jones Drops 500 Points, Oil Surges 8 Percent at Opening Bell

Last updated: March 3, 2026 1:48 pm
By Andrew Moran
1 Min Read
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Dow Jones Drops 500 Points, Oil Surges 8 Percent at Opening Bell

The New York Stock Exchange in New York City on April 4, 2025. Samira Bouaou/The Epoch Times

U.S. stocks fell and crude oil prices surged at the March 2 opening bell as investors reacted to the joint U.S.–Israel strikes on Iran, concerned over instability in the Middle East.

The blue-chip Dow Jones Industrial Average fell by more than 500 points, or about 1.1 percent. The tech-driven Nasdaq composite index dropped by nearly 400 points, or 1.4 percent. The broader S&P 500 fell by 1.2 percent.

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