US Stock Market | Wall Street closes down as oil prices spike on Middle East conflict
Published on: March 6, 2026, 7:27 a.m. | Source: The Economic Times
Middle East conflict escalation pushed oil prices up, fueling inflation worries and reducing expectations of Federal Reserve interest rate cuts. Major U.S. stock indexes closed down, with industrials, materials, and healthcare sectors seeing significant declines. Energy and technology stocks provided some support, with Broadcom projecting strong AI chip revenue.
