{"id":59695,"date":"2026-03-12T09:10:09","date_gmt":"2026-03-12T13:10:09","guid":{"rendered":"https:\/\/stockmarketwatch.com\/stock-market-news\/dowjonestodaydow-jones-slumps-as-geopolitical-tensions-propel-oil-prices-toward-100\/59695\/"},"modified":"2026-03-12T09:10:09","modified_gmt":"2026-03-12T13:10:09","slug":"dowjonestodaydow-jones-slumps-as-geopolitical-tensions-propel-oil-prices-toward-100","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/dowjonestodaydow-jones-slumps-as-geopolitical-tensions-propel-oil-prices-toward-100\/59695\/","title":{"rendered":"[DowJonesToday]Dow Jones Slumps as Geopolitical Tensions Propel Oil Prices Toward $100"},"content":{"rendered":"<p>The <strong><a href=\"https:\/\/stockmarketwatch.com\/indices\/dowjones\/today\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Dow Jones Today\">Dow Jones<\/a> Industrial Average (^DJI)<\/strong> was down <strong>289.24 (-0.6063%)<\/strong> points today, while <strong>Dow Futures (YM=F)<\/strong> was down <strong>403.00 (-0.8494%)<\/strong> points, as intensifying geopolitical hostilities in the Middle East rattled investor confidence. The primary narrative driving the market is the escalating <strong>US-Iran conflict<\/strong>, which has disrupted global supply chains and sent energy costs soaring. <strong>Brent crude oil<\/strong> futures surged nearly <strong>7%<\/strong>, approaching the critical <strong>$100 per barrel<\/strong> threshold, after reports of further violent attacks in the <strong>Strait of Hormuz<\/strong>. This &quot;inflation shock&quot; has reignited fears of <strong>stagflation<\/strong>, as traders weigh higher fuel costs against slowing domestic hiring and rising jobless claims.<\/p>\n<p>Energy giant <strong>Chevron (<a href=\"\/stock\/CVX\">CVX<\/a>)<\/strong> emerged as the session&#39;s standout performer, as the stock was up <strong>3.04%<\/strong> on the day following the spike in crude prices. Other defensive plays showed relative resilience, with <strong>UnitedHealth Group (<a href=\"\/stock\/UNH\">UNH<\/a>)<\/strong> edging higher by <strong>0.23%<\/strong>. However, the broader market struggled under the weight of rising <strong>Treasury yields<\/strong> and concerns that persistent inflation will force the <strong>Federal Reserve<\/strong> to maintain a restrictive policy stance.<\/p>\n<p>The financial and industrial sectors bore the brunt of today&#39;s sell-off. <strong>Goldman Sachs (<a href=\"\/stock\/GS\">GS<\/a>)<\/strong> was down <strong>3.14%<\/strong>, leading the decliners as market volatility pressured banking margins. Materials and construction firms also faced significant headwinds; <strong>Sherwin-Williams (<a href=\"\/stock\/SHW\">SHW<\/a>)<\/strong> was down <strong>2.82%<\/strong>, while <strong>Caterpillar (<a href=\"\/stock\/CAT\">CAT<\/a>)<\/strong> was down <strong>2.50%<\/strong>. Additionally, <strong>Visa (<a href=\"\/stock\/V\">V<\/a>)<\/strong> and <strong>Boeing (<a href=\"\/stock\/BA\">BA<\/a>)<\/strong> saw declines of <strong>2.39%<\/strong> and <strong>2.19%<\/strong>, respectively, as investors moved away from cyclical growth stocks in favor of safe-haven assets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Dow Jones Industrial Average (^DJI) was down 289.24 (-0.6063%) points today, while Dow Futures (YM=F) was down 403.00 (-0.8494%) [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50368,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"rank_math_schema_Article":[],"rank_math_focus_keyword":[],"rank_math_description":[],"financial_data_references":[],"stock_symbols_mentioned":[],"footnotes":""},"categories":[17736],"tags":[216,297,298,593,4350,4457,11999,17477],"class_list":["post-59695","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-snippets-dow-jones","tag-cat","tag-gs","tag-cvx","tag-shw","tag-dow-jones","tag-oil-prices","tag-market-summary","tag-iran-conflict"],"_links":{"self":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/59695","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/comments?post=59695"}],"version-history":[{"count":0,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/posts\/59695\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media\/50368"}],"wp:attachment":[{"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/media?parent=59695"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/categories?post=59695"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/wp-json\/wp\/v2\/tags?post=59695"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}