Wall Street Shaken by $100 Oil: Dow Drops, Airlines Slide, Rate-Cut Bets Pushed Out
Stocks on Wall Street slipped Monday, pressured by spiking oil that put renewed heat on inflation worries and weighed on travel and bank names, while chipmakers rebounded just enough to keep the Nasdaq mostly stable. By 11:58 a.m. EDT, the Dow Jones Industrial Average had shed 398.03 points, or 0.84%, landing at 47,103.52. The S&P 500 slipped 0.44%; the Nasdaq Composite edged down just 0.06%. “With oil prices going up 50% in a matter of weeks — that’s a displacement this market hasn’t seen in years,” said Dennis Dick, founder and market structure analyst at Triple D Trading. https://www.reuters.com/business/wall-st-futures-slump-iran-war-drags-oil-near-120-stokes-inflation-worries-2026-03-09/