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Inflation worries significantly impacted the market, causing major averages to decline, with the Dow Industrials falling approximately 768 points to reach its lowest closing point for 2026.
The Dow Industrials dropped significantly on Thursday, heading for its worst week since October, as oil prices surged due to the U.S.-Iran conflict.
Charts indicate that the Dow Industrials could experience a bounce as early as this week, though it is likely to be brief.
Stocks rose on Wednesday as traders looked past the U.S.-Iran conflict. The Dow Industrials advanced more than 200 points to end a three-day losing streak.
Stocks fell on Thursday, with the Dow Industrials closing below 47,000 for the first time in 2026, as oil prices continued their surge amid the ongoing Iran war. Jim Cramer advises investors not to let the war-induced market volatility scare them out of stocks.
The Dow Industrials ended Tuesday's session down just over 400 points. The 30-stock index curtailed its losses after falling more than 1,200 points at the low.