Stocks mostly dropped on Wednesday as tensions between the U.S. and Iran keep rising. The Dow Jones Industrial Average underperformed, losing more than 1%, while the S&P 500 fell 0.28%. The tech-heavy Nasdaq Composite reversed losses and edged up.
Oil is soaring as well. Brent crude, the international benchmark, jumped more than 6% and stood at $78.78 at 4:02 p.m. ET. West Texas Intermediate, the U.S. benchmark, gained 5.31% and clocked in at $74.18 at the same time.
