PrintUS Equity Indexes Drop as Crude Oil, Treasury Yields Jump Amid Escalating Iran War
BY MT Newswires | TREASURY | 03:53 PM EST03:53 PM EST, 03/05/2026 (MT Newswires) -- US equity indexes fell ahead of Thursday's close as the war in Iran sent crude oil prices surging and government bond yields jumped.
The Nasdaq Composite fell 0.4% to 22,661.1, with the Dow Jones Industrial Average down 0.8% to 47,895.2 and the S&P 500 lower by 0.8% to 6,814.9.
West Texas Intermediate crude oil futures soared 6.5% to $79.48 a barrel.
"There remains a high level of uncertainty over the potential length of the conflict and scale of disruption to global energy supplies," CNN cited an MUFG research note.
US Treasury yields rose, with the two-year up 3.1 basis points to 3.57%. The 10-year yield jumped 4.9 basis points to 4.13%.
The ICE US Dollar Index, which measures the strength of the greenback against a basket of the world's major currencies, advanced 0.3% to 99.08.
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