NEW YORK — The Dow Jones Industrial Average tumbled more than 1,100 points in early trading on March 3, 2026, as the deepening U.S.-Israel conflict with Iran triggered a sharp global risk-off move, sending oil prices soaring and reigniting inflation fears across Wall Street.
The blue-chip index (^DJI) fell as much as 1,238 points or 2.5% intraday, trading near 47,784 before partial recoveries, with losses led by energy-sensitive names like Caterpillar, which dropped over 4%. The benchmark closed the prior session on March 2 around 48,904.78, down modestly amid initial conflict jitters, but Tuesday's sell-off erased those gains and pushed the index toward its steepest single-day decline since April 2025.
