Dow Blunders, NASDAQ Pokes up

The Dow Jones Industrial Average fell on Thursday as traders caught their breath after a strong performance in the previous session and kept an eye on oil rising prices.

The 30-stock average stumbled 461.69 points, or 1%, to 48,277.72,

The much broader index dived 13.22 points to 6,856.28.

The NASDAQ gained 30.13 points to 22,837.62. Losses in the broad market index and the tech-heavy NASDAQ were kept in check by gains in software stocks, as names such as CrowdStrike and Palo Alto Networks advanced 4% and 2%, respectively.

Defense Secretary Pete Hegseth said in a briefing with reporters that the U.S. is “winning decisively” in its conflict with Iran and that more forces are arriving to the region. Separately, Treasury Secretary Scott Bessent said on that Trump’s recently announced 15% global tariff will likely go into effect this week.

Prices for the 10-year Treasury weakened, hiking yields to 4.13% from Wednesday’s 4.09%. Treasury prices and yields move in opposite directions.

Oil prices recovered $3.21 to $72.87 U.S. a barrel.

Gold prices dimmed $20.80 to $5,113.90 U.S. an ounce.