Oil Price Instability Impacts DJIA with Over 770-Point Swing; Nasdaq Ends Almost Unchanged
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 10 2026
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Source: aastocks
Oil Prices Decline: Oil prices fell over 15% amid ongoing concerns regarding the Iran conflict, impacting major companies like Chevron and ExxonMobil, which both saw declines of nearly 2%.
US Stock Market Fluctuations: The DJIA experienced significant volatility, dropping nearly 300 points at one point before closing down by 34 points, while the S&P 500 and Nasdaq had minor changes.
Retail Sales Data: US retail sales for January showed a month-over-month decrease of 0.2%, slightly better than the forecasted decline of 0.3%.
Tech Sector Performance: Chip manufacturers like Micron and Intel saw gains of 2-3%, with Nvidia performing well among major tech stocks, while Meta also recorded a slight increase.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
