U.S. stocks closed sharply lower Thursday as oil prices surged amid escalating geopolitical tensions and concerns over global supply disruptions.The Dow Jones Industrial Average fell nearly 739 points (-1.6%), while the S&P 500 dropped 1.5% and the Nasdaq Composite declined 1.8%. Energy markets rallied after warnings that the Iran conflict could trigger the largest supply disruption in global oil history.
U.S. crude benchmark West Texas Intermediate crude surged over 10% to $96.50 per barrel, while global benchmark Brent crude climbed above $100 per barrel for the first time since 2022.
📈 Top Stock Gainers
Petco Health & Wellness (WOOF)
Shares of Petco Health & Wellness soared 35% after the pet retailer posted stronger-than-expected earnings and upbeat guidance.
Firefly Aerospace (FLY)
Firefly Aerospace jumped about 12% after the company successfully launched its Alpha Flight 7 rocket mission, boosting investor optimism around its space technology business.
CF Industries Holdings (CF)
CF Industries Holdings climbed nearly 7% to a new record high as fertilizer stocks rallied on supply concerns tied to the Middle East conflict.
The Mosaic Company (MOS)
The Mosaic Company gained roughly 5%, also benefiting from rising fertilizer prices amid shipping disruptions.
📉 Top Stock Losers
UiPath (PATH)
Shares of UiPath dropped around 8% after the automation software company issued a cautious outlook despite recent earnings results.
Dollar General (DG)
Dollar General fell about 6% after the discount retailer forecast slower sales growth for 2026, raising concerns about weakening demand among budget-conscious consumers.
Honda Motor (HMC)
Honda Motor declined more than 5% after warning it could incur up to ¥2.5 trillion ($15.75B) in charges tied to restructuring its electric-vehicle strategy.
Tesla (TSLA)
Tesla dropped over 3%, leading declines among the major tech megacap stocks.