{"id":59674,"date":"2026-03-11T17:10:21","date_gmt":"2026-03-11T21:10:21","guid":{"rendered":"https:\/\/stockmarketwatch.com\/stock-market-news\/dowjonestodaydow-jones-slumps-as-strait-of-hormuz-conflict-drives-oil-prices-higher\/59674\/"},"modified":"2026-03-11T17:10:21","modified_gmt":"2026-03-11T21:10:21","slug":"dowjonestodaydow-jones-slumps-as-strait-of-hormuz-conflict-drives-oil-prices-higher","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/dowjonestodaydow-jones-slumps-as-strait-of-hormuz-conflict-drives-oil-prices-higher\/59674\/","title":{"rendered":"[DowJonesToday]Dow Jones Slumps as Strait of Hormuz Conflict Drives Oil Prices Higher"},"content":{"rendered":"<p>The <strong><a href=\"https:\/\/stockmarketwatch.com\/markets\/dowjones\/today.aspx\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Industrial Average (^DJI)<\/strong> was down <strong>289.24 (-0.61%)<\/strong> points today, Wednesday, March 11th, 2026, to close at <strong>47,417.27<\/strong>, while <strong>Dow Futures (YM=F)<\/strong> was down <strong>348.00 (-0.73%)<\/strong> points. Sentiment was weighed down by an intensifying naval conflict in the <strong>Strait of Hormuz<\/strong>. Despite a record release of <strong>400 million barrels<\/strong> of oil from the <strong>IEA<\/strong>, crude surged, with <strong>WTI<\/strong> climbing 4% to <strong>$87.25<\/strong>. This geopolitical volatility overshadowed stable <strong>inflation<\/strong> data as investors focused on fuel supply disruptions, causing the Dow to diverge from a flatter Nasdaq.<\/p>\n<p>Higher energy costs boosted oil majors. <strong>Chevron (<a href=\"\/stock\/CVX\">CVX<\/a>)<\/strong> led gainers, rising <strong>2.26%<\/strong> to <strong>$190.49<\/strong> as crude hit multi-month highs. Other gainers included <strong>UnitedHealth Group (<a href=\"\/stock\/UNH\">UNH<\/a>)<\/strong>, up <strong>0.82%<\/strong>, and <strong>Cisco Systems (<a href=\"\/stock\/CSCO\">CSCO<\/a>)<\/strong>, which rose <strong>0.57%<\/strong>. Defensive names like <strong>Amgen (<a href=\"\/stock\/AMGN\">AMGN<\/a>)<\/strong> and <strong>Nvidia (<a href=\"\/stock\/NVDA\">NVDA<\/a>)<\/strong> saw modest gains of <strong>0.30%<\/strong> and <strong>0.24%<\/strong> respectively, as traders sought safety.<\/p>\n<p>Conversely, rising costs sent blue-chip sectors into the red. <strong>Sherwin-Williams (<a href=\"\/stock\/SHW\">SHW<\/a>)<\/strong> was the worst performer, dropping <strong>2.13%<\/strong> to <strong>$323.16<\/strong>. Consumer giants struggled, with <strong>Procter &amp; Gamble (<a href=\"\/stock\/PG\">PG<\/a>)<\/strong> falling <strong>1.77%<\/strong> and <strong>Home Depot (<a href=\"\/stock\/HD\">HD<\/a>)<\/strong> sliding <strong>1.61%<\/strong>. Financials and payment processors were also hit; <strong>Visa (<a href=\"\/stock\/V\">V<\/a>)<\/strong> declined <strong>1.67%<\/strong> and <strong>Goldman Sachs (<a href=\"\/stock\/GS\">GS<\/a>)<\/strong> lost <strong>1.53%<\/strong>, as the market&#39;s &quot;pain threshold&quot; was tested by the regional conflict.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Dow Jones Industrial Average (^DJI) was down 289.24 (-0.61%) points today, Wednesday, March 11th, 2026, to close at 47,417.27, 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