Stock Market Today, March 6: Energy Stocks Rise as Oil Closes Over $90 on Middle East Tensions
2026-03-06 18:09:06 ET
The S&P 500 (SNPINDEX:^GSPC) fell 1.33% to 6,740.02, the Nasdaq Composite (NASDAQINDEX:^IXIC) slid 1.59% to 22,387.68, and the Dow Jones Industrial Average (DJINDICES:^DJI) dropped 0.95% to 47,501.55 as a weak jobs report and surging oil reinforced risk-off sentiment.
Energy stocks were rare gainers, with Diamondback Energy (NASDAQ:FANG) up about 0.84% as crude reached $91, while growth names lagged; smaller-cap biotech Day One Biopharmaceuticals (NASDAQ:DAWN) bucked the sell-off on a buyout deal with independent international pharmaceutical group Servier.
The day started on a down note after the Bureau of Labor Statistics reported that U.S. payrolls shrank by 92,000 and unemployment rose 10 basis points to 4.4% in February. At the same time, the ongoing conflict in the Middle East pushed oil over $90.
NASDAQ: DAWN
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