Stock market today: Dow, S&P 500, Nasdaq slide amid inflation worries as Iran war sends oil surging

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':"";if(r){var a=n.promos.showYahooLogo?"":"yns-no-logo";r=r.replace("{notifOnboardBtnLabel}",n.promos.notifOnboardBtnLabel).replace("{notifOnboardMsg}",n.promos.notifOnboardMsg).replace("{subscriptionTopic}",n.promos.subscriptionTopic).replace("{noLogoClass}",a).replace("{promoLogo}",n.promos.promoLogo)}var s=t.newCount>n.panel.maxCount?t.newCount:"",c=n.panel.notificationCenterPath,l=c?"":R,u=n.panel.headerMsg?"":" "+R,d=c?U:"",p=void 0;t.count?p=t.markup:p='{emptyPanelMsg}'.replace("{emptyPanelMsg}",n.panel.emptyPanelMsg);return e=e.replace("{notifMarkup}",p).replace("{promoMarkup}",r).replace("{hideClass}",l).replace("{notifCenterLink}",c).replace("{paddingClass}",d).replace("{headerMsg}",n.panel.headerMsg).replace("{hideHeaderClass}",u).replace(/{notificationCenterNavMsg}/g,n.panel.notificationCenterNavMsg).replace(/{newCount}/g,s)}},{key:"render",value:function(e,t){var n=this;if(n._panelNode){var o=void 0,i=n._panelNode,r=void 0,a=void 0;switch(e){case"expanded_panel":o='{promoMarkup}{notifMarkup}',a=n._store.getNotifications(),r=n._generatePanelMarkup(o,a),i.innerHTML=r;break;case"error_panel":r=(o='{errorMsg}').replace("{errorMsg}",n._config.panel.errorMsg),i.innerHTML=r}t&&t()}else t&&t(new Error("No panel parent"))}},{key:"createPanelParentNode",value:function(e){e&&(e.innerHTML='',this._panelNode=document.getElementById(P))}},{key:"updateBadgeNode",value:function(e){if(e){var t=this._store.getNotifications().newCount,n=this._config.badge.maxCount;if(t){var o=t>n?n+"+":t;e.innerHTML=o}else e.innerHTML=""}}},{key:"addStyles",value:function(e){if(e&&"undefined"!=typeof window){var t=document.getElementById(this._config.panel.styleTagId);t||((t=document.createElement("style")).type="text/css",t.id=this._config.panel.styleTagId,t.innerText=e,document.head.appendChild(t))}}}]),e}(),j=function(){function e(t,n,o){E(this,e);var i=this;i._store=n,i._view=o,i._config=t;var r=i._config.panel;i._panelParentNode=document.querySelector(r.parentSelector),i._badgeNode=i._config.badge.selector&&document.querySelector(i._config.badge.selector),i._indicatorNode=r.indicatorSelector&&document.querySelector(r.indicatorSelector)}return C(e,[{key:"createPanelParentNode",value:function(){this._view.createPanelParentNode(this._panelParentNode),this._notifPanelNode=document.getElementById(P)}},{key:"refreshPanelNode",value:function(e,t){var n=this;M(n._notifPanelNode,B),n._store.fetchNotifications(e,(function(e,o){var i=window.wafer&&window.wafer.base;i&&i.destroy(n._notifPanelNode),e?n._notifPanelNode.innerHTML||(n._view.render("error_panel"),M(n._notifPanelNode,B)):(n._view.render("expanded_panel"),n._view.updateBadgeNode(n._badgeNode),n._showBadge(),n._showIndicator(),n._view.addStyles(o.css)),I(n._notifPanelNode,B),i&&i.sync(n._notifPanelNode.parentNode),t&&t(e,o)}))}},{key:"resetBadge",value:function(){var e=this;e._store.resetNewCount(),e._view.updateBadgeNode(e._badgeNode),M(e._badgeNode,e._config.badge.hideClass)}},{key:"_showIndicator",value:function(){this._indicatorNode&&(this._store.getNotifications().newCount?M(this._indicatorNode,this._config.panel.indicatorClass):I(this._indicatorNode,this._config.panel.indicatorClass))}},{key:"_showBadge",value:function(){var e=this;e._store.getNotifications().newCount?I(e._badgeNode,e._config.badge.hideClass):M(e._badgeNode,e._config.badge.hideClass)}}]),e}(),F={promos:{eligibleBodyClass:"display-push-promos",enableNotifOnboard:!0,bypassEligibleClassCheck:!1,notifOnboardBtnLabel:"Notify Me",notifOnboardMsg:"Get alerts for breaking news and top stories",promoLogo:"https://s.yimg.com/cv/apiv2/ae/news/circle_bell.png",showYahooLogo:!0,subscriptionTopic:"gondor_homerun_news"},badge:{hideClass:"",maxCount:5,selector:""},panel:{emptyPanelMsg:"You have no new 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n=e.getConfig();if("smartphone"===n.device){if("finance"===n.property&&"crunch"===n.ytheme&&e.addElementListener(t.searchInput,"click",(function(){var n,o;n="search_input_focus_click",null!==(o=ae())&&(oe[n]||(oe[n]=o)),e.addElementListener(t.searchForm,"click",(function(){if(t.ybar){if(t.ybar.classList.contains("ybar-searchbox-assist-fullscreen"))return;t.ybar.classList.add("ybar-searchbox-assist-fullscreen"),t.ybar.classList.add("ybar-searchbox-assist-fadein")}if(!document.documentElement.classList.contains("ybar-overlay")){document.documentElement.classList.toggle("ybar-overlay"),document.body.classList.add("ybar-overlay-noscroll");te("ybar","websrch","",{elm:"expand",subsec:"searchbox",itc:"1"})}}))})),e.addElementListener(t.searchBoxPlaceholder,"click",(function(){zt(e,t)})),e.addElementListener(t.searchBoxPlaceholder,"keydown",(function(n){var 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n,o,i,r=e.getConfig();if(t.ybar&&["desktop","tablet"].includes(r.device)&&(null===(n=r.bucketConfig)||void 0===n?void 0:n.highlight_searchassist)&&(null===(o=r.bucketConfig)||void 0===o?void 0:o.overlay_class)){t.ybar.setAttribute("data-ovrly-bkt",r.bucketConfig.overlay_class),null===(i=t.searchForm)||void 0===i||i.classList.add(Ft[r.bucketConfig.overlay_class]);var a=document.createElement("div");a.classList.add(Ft.overlay,Ft[r.bucketConfig.overlay_class]),document.body.appendChild(a),e.onDestroy((function(){document.body.removeChild(a)})),e.addElementListener(t.searchForm,"focusout",(function(e){if(t.searchForm&&t.searchInput){var n=e.relatedTarget;n&&!t.searchForm.contains(n)&&window.YAHOO.SA&&window.YAHOO.SA.apps&&window.YAHOO.SA.apps[0]&&window.YAHOO.SA.apps[0].view.shown&&window.YAHOO.SA.apps[0].view.hide()}}))}}(e,o),Vt(e,o),o.searchGradientBorder){var i=!1;o.searchInput.addEventListener("keydown",(function(e){var 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blue-chip benchmark to its lowest close this year. The S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) lost a steeper 0.9% and 1.2%, respectively.Brent (BZ=F) crude futures surged as much as 10% to as high as $119 a barrel before paring those gains, as Iran and Israel exchanged attacks on highly important oil and gas facilities. The escalation in hostilities stoked fears of a more severe fallout from the conflict than foreseen. Gains for US benchmark West Texas Intermediate crude (CL=F) lagged, hovering around $97 as the spread between the two products widened to its largest gap in years.Markets were already contending with rising inflation forecasts from the Federal Reserve, which dampened expectations for interest rate cuts. While the Fed signaled one cut could still be on the table this year, bets are policymakers will stand pat — especially after hawkish comments from Chair Jerome Powell.In economic updates on Thursday, jobless claims declined to 205,000. The Philadelphia Fed Manufacturing Index is due later.On the corporate front, shares of Micron (MU) dropped in premarket as the chipmaker's AI spending plans overshadowed strong earnings. Meanwhile, Alibaba (BABA) stock slid after a 67% plunge in quarterly profit underscored the need for a payoff from its AI investments.LIVE 13 updates15 mins agoJared BlikreA hidden concentration trade is driving this bull-market legAnother concentration story is hiding beneath the surface of the S&P 500 (^GSPC) — not in a handful of stocks, but in the calendar itself.Since the low on April 8, 2025, Mondays and Wednesdays have accounted for essentially all of the index’s 1,642-point gain. Monday has contributed 58% of the move, while Wednesday has added 43%. Put them together, and you get just over 100% of the entire advance. That’s a slightly imperfect way to slice it, but the concentration is still striking.The other three days have mostly canceled each other out. Friday has been positive, contributing 21%, but that has been offset by a roughly flat Tuesday (-3%) and a deeply negative Thursday (-23%).That Thursday pattern is especially interesting. Thursdays held up reasonably well until late September, then turned sharply lower right around the time software leadership faded and more defensive groups like healthcare and utilities started to take over.Bottom line: The latest leg of this bull market hasn't been a steady climb each week. It’s been a rally that's done almost all its work on two days.23 mins agoJake ConleyUS stocks fall at the openThe US stock market moved further into the red on Thursday as oil prices spiked on an escalation in the Middle East and nerves around energy-driven inflation remained hot on Wall Street.The Nasdaq Composite (^IXIC) notched the steepest loss at the start of open trading, dropping roughly 1.2%. The S&P 500 (^GSPC) lost roughly 0.8%, while the Dow Jones Industrial Average (^DJI) fell 0.7% after a session in the red on Wednesday that saw the blue-chip benchmark hit its lowest close this year.Brent (BZ=F) crude futures briefly crossed $119 per barrel overnight and remain sticky above $110 after Iran and Israel both targeted critical energy infrastructure throughout the Gulf. The US benchmark West Texas Intermediate crude (CL=F) gained a slighter 2% to trade above $97.The 10-year Treasury yield (^TNX) climbed 4 basis points to 4.30%, while the 5-year (^FVX) rose 8 basis points to 3.94%.Initial jobless claims on Thursday showed that the weekly count of new claims declined to 205,000, with the Philadelphia Fed Manufacturing Index due later Thursday.Micron (MU) lost roughly 7.3% as investors expressed concern over spending predictions. Alibaba (BABA) lost roughly 10% after reporting a 67% drop in quarterly profit.38 mins agoKaren FriarPlenty to worry about, but not stagflation, says PowellYahoo Finance's writes:Read more here in today's takeaway from Morning Brief.Today at 12:46 PM UTCJake ConleyInitial jobless claims fall to 205,000, below estimatesInitial jobless claims fell from the previous week, coming in under economists' predictions for the labor market metric.Data released by the Labor Department showed that 205,000 people filed for unemployment benefits in the week ended March 14, below economists' expectations of 215,000 initial claims and the previous week's count of 213,000.Continuing claims for the week ended March 7 were 1.86 million, above both consensus estimates of 1.85 million and the previous week's 1.85 million.This week's jobless claims come after the Labor Department's February jobs report, published March 6, showed that the US lost 92,000 jobs for the month, far below estimates of 55,000 jobs added. On Wednesday, the Federal Reserve voted to hold rates unchanged at 3.5% to 3.75% and kept predictions steady for one more cut this year and one in 2027.Today at 12:25 PM UTCKaren FriarRivian stock surges on $1.25B deal to supply Uber with robotaxisIn another big move in the robotaxi space, Uber (UBER) says it will invest as much as $1.25 billion in Rivian (RIVN) in exchange for up to 50,000 fully autonomous vehicles.Shares of Rivian jumped almost 10% before the bell after the news, while Uber's stock was little changed.Yahoo Finance's Pras Subramanian reports:Read more here.Today at 12:19 PM UTCJake ConleyEuropean natural gas prices soar amid 'extensive damage' to world's largest LNG complexEuropean natural gas futures exploded in early Monday trading, surging by more than 17% after Israel struck the South Pars gas field and QatarEnergy reported "extensive damage" from Iranian strikes at its Ras Laffan liquified natural gas (LNG) export complex, the world's largest.Over the past 24 hours, Middle Eastern energy infrastructure has come increasingly under fire, marking a new height of escalation in the war in Iran, starting on Wednesday with strikes by Israel on