The Dow Jones Industrial Average plummeted more than 700 points on Thursday, marking its lowest closing level of 2026. The sharp decline comes as traders brace for key inflation data releases and monitor escalating oil prices amid ongoing tensions with Iran.
The market selloff reflects growing investor anxiety about inflation's trajectory and geopolitical risks. Rising oil prices due to Iran war concerns are adding to inflationary pressures, potentially complicating the Federal Reserve's monetary policy decisions.