Stock Market Today: Oil Price Surges; Dow Futures Skid

S&P 500 and Nasdaq-100 futures drop more than 1.5%

Oil prices surged and stocks skidded globally after sudden U.S. and Israeli strikes against Iran left investors fearing a drawn-out conflict in the Middle East.

Oil traders scrambled to assess the extent of the disruption, including whether any traffic could still pass through the vital Strait of Hormuz. Futures for Brent crude, the global oil benchmark, jumped nearly 10%, heading toward $80 a barrel. Natural-gas futures also rallied.

The conflict threatens to upend the global oil market and send shock waves through the world economy. Brent crude has risen in recent weeks amid concerns about a potential strike on Iran.

Futures for the three main U.S. indexes all dropped 1.5% or more early Monday. European, Japanese and Hong Kong indexes all fell. The U.S. dollar strengthened, particularly against sterling and the euro, while gold and silver prices rallied.

Ahead of the strikes, stocks sold off on Friday, capping a month marked by growing AI anxiety. The S&P 500 and the Nasdaq composite notched their sharpest monthly losses since spring’s tariff turmoil. The Dow industrials eked out its 10th straight winning month.

E-Mini Dow

$48435.00 USD-565.00-1.15%

E-Mini S&P 500

$6812.25 USD-76.75-1.11%

E-Mini Nasdaq 100

$24631.25 USD-373.50-1.49%

WSJ Dollar Index

95.180.490.51%

Brent Crude

$78.59 USD5.72

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