US Stock Market Plummets as Oil Prices Soar

The US stock market experienced a cautious trading session due to geopolitical uncertainty and rising oil prices. The Dow Jones Index dropped by 0.74% to 53,947.26, while the S&P 500 slipped 0.11% to 7,715.08.

The Nasdaq Composite was relatively flat at 26,360.71, although technology stocks remained under pressure due to rising bond yields.

Crude oil prices surged nearly 4%, reaching $82.55 per barrel, while gold and silver prices increased due to safe-haven buying amid geopolitical uncertainty.

Alphabet (Google) fell 1.15% to $358.26, while Micron Technology recorded losses among semiconductor companies.