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Informist, Friday, Mar. 6, 2026                                      Tel +91 (22) 6985-4000

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Equity Alert: US mkts dn on concerns over higher oil prices, inflation risks

 

MUMBAI--0744 IST--Indices in the US ended lower Thursday as the US-Iran hostilities threaten to push oil prices higher leading to concerns of inflation and doubts over future rate cuts by the US Federal Reserve. Other countries being pulled into the West Asia war and disruption of trade through the Strait of Hormuz remain a major concern.

 

The US-Israel war against Iran entered its seventh day and led to disruption in oil and gas supply. On Thursday, Israel attacked Iran-backed Hezbollah bases in Beirut, Lebanon. Brent crude oil prices have remained in the $81-$85 per barrel range this week. At 0743 IST, Brent crude oil May futures were at $84 per barrel, down 1%.

 

The Dow Jones Industrial Average fell 785 points, down 1.61%, setting it on track for its worst week since October 2025, Reuters reported. Of the 11 sectors tracked by S&P 500, eight were down. Industrials, materials, and consumer staples fell over 2%. Notably, shares of Caterpillar and United Airlines fell 3-5%. However, a rise in energy stocks helped limit the fall in the index at 0.6%. Chevron gained 3.9% on the possibility of higher revenue due to the rise in energy prices.

 

Following are the closing levels of US indices Thursday:  

 

Index	Level	Change in %
S&P 500	6830.71	(-)0.56
NASDAQ Composite	22748.986	(-)0.26
Dow Jones Industrial Average	47954.74	(-)1.61

 

(Shruti Nair)

 

US$1 = INR 91.60

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Tanima Banerjee

 

All prices from National Stock Exchange, unless otherwise specified.

All percentage changes for share prices are rounded off to the nearest whole number; percentage changes for index values are rounded off to one decimal place.

All times are Indian Standard Time.

 

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