{"id":48100,"date":"2026-03-13T11:36:29","date_gmt":"2026-03-13T11:36:29","guid":{"rendered":"https:\/\/quickassetsmarket.com\/index.php\/2026\/03\/13\/us-stocks-close-deep-in-red-dow-tumbles-739-points-on-war-jitters\/"},"modified":"2026-03-13T11:36:29","modified_gmt":"2026-03-13T11:36:29","slug":"us-stocks-close-deep-in-red-dow-tumbles-739-points-on-war-jitters","status":"publish","type":"post","link":"https:\/\/quickassetsmarket.com\/index.php\/2026\/03\/13\/us-stocks-close-deep-in-red-dow-tumbles-739-points-on-war-jitters\/","title":{"rendered":"US stocks close deep in red, Dow tumbles 739 points on war jitters"},"content":{"rendered":"
<\/div>\n

US stock markets closed firmly in the red on Thursday as the major indices fell to their lowest since November of last year.<\/p>\n

The investors remained on edge as the US-Iran war continued to weigh on the sentiment, and oil prices continued their upward trajectory.<\/p>\n

Dow Jones closed 739 points lower at 46,677.67, while the S&P 500 dropped 1.52% to 6,672.58.<\/p>\n

The tech-heavy Nasdaq ended in the same territory, sliding 404 points to 22,311.98.<\/p>\n

Geopolitical firestorm drives the selloff<\/h2>\n

The US-Iran conflict entered its 13th day on Thursday with Iranian officials vowing to keep the world’s oil chokepoint shut.<\/p>\n

Oil prices extended their surge with Brent topping $100 briefly before pulling back, stoking fears of the biggest supply shock since the 1970s.<\/p>\n

While Trump\u2019s team pointed to strategic reserves, delayed deliveries left markets worried about renewed inflation.<\/p>\n

Despite the broader headwinds, energy stocks gained on Thursday with the XLE ETF rising 0.9% as crude’s geopolitical premium dominated.<\/p>\n

ExxonMobil (XOM) advanced 1.3% to $153.53 after trading between $151.67-$154.03, extending its four-week 1.1% uptrend.<\/p>\n

Chevron (CVX) surged 2.7% to $196.97 from $191.79, hitting an intraday high of $198.52 on a robust volume of 41 million shares.<\/p>\n

The tech sector remained under pressure on Thursday, with all major companies like Nvidia<\/a>, AMD, and Micron closing in the red.<\/p>\n

Thursday’s tape came as a change for tech investors, as so far the AI momentum was dominating the broader market uncertanity.<\/p>\n

Gold’s tepid response to the latest US-Iran flare-up defies safe-haven norms, lingering around $5,175 per troy ounce two weeks into the conflict.<\/p>\n

Fed faces war-clouded meeting<\/h2>\n

Amid the heightened uncertainty, the Federal Reserve officials face a high-stakes policy meeting next week.<\/p>\n

The March Fed policy meeting is going to be interesting as it comes in the middle of the US-Iran conflict, stubborn inflation signals, softening jobs data, and tariff uncertainties from the Trump administration.<\/p>\n

With the federal funds rate steady at 3.50%-3.75%, markets see virtually zero odds of a cut.<\/p>\n

CME FedWatch tool pricing reflects near-certainty of a hold, as war-driven oil spikes to $98+ threaten to undo February’s tame 2.4% CPI<\/a>.<\/p>\n

The overnight bank lending rate ripples through mortgages, auto loans, credit cards, and savings yields, pinning consumers in place.<\/p>\n

Analysts broadly expect the Federal Reserve to hold steady next week, opting to monitor the Iran conflict’s path before weighing in on whether inflation or employment demands priority action.<\/p>\n

The concerns are also raised around the time it will take to get things back to normal after the war ends.<\/p>\n

President Donald Trump has already pointed out that the gasoline prices may lag oil\u2019s retreat due to the \u201crockets and feathers\u201d effect.<\/p>\n

As economists note, pump prices rocket upward on crude spikes but drift down like feathers.<\/p>\n

Fuel distributors hold refinery-sourced inventory bought at peak rates, delaying relief for consumers until fresh, cheaper supplies cycle through.<\/p>\n

This disconnect means drivers could face elevated costs for weeks post-de-escalation, compounding sticker shock amid Hormuz uncertainty.<\/p>\n

<\/p>\n

The post US stocks close deep in red, Dow tumbles 739 points on war jitters<\/a> appeared first on Invezz<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

US stock markets closed firmly in the red on Thursday as the major indices fell to their lowest since November of last year. The investors remained on edge as the US-Iran war continued to weigh on the sentiment, and oil prices continued their upward trajectory. Dow Jones closed 739 points lower at 46,677.67, while the <\/p>\n","protected":false},"author":1,"featured_media":48101,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-48100","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investing"},"_links":{"self":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/48100","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/comments?post=48100"}],"version-history":[{"count":0,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/48100\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media\/48101"}],"wp:attachment":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media?parent=48100"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/categories?post=48100"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/tags?post=48100"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}