Brent Crude Climbs Above $100: Wall Street Slumps as Dow Tumbles 600 Points
U.S. equities suffered a sharp and aggressive selloff on Thursday as escalating geopolitical tensions in the Middle East drove oil prices surging past key thresholds. At the same time, heavy losses in Big Tech—spurred by investor concerns over escalating artificial intelligence spending and disappointing quarterly results from tech giants—rattled the broader market.
Currently, the Dow Jones Industrial Average (DJIA) is down 592.59 points (-1.13%) at 51,625.99. The broader S&P 500 dropped 104.82 points (-1.40%) to 7,394.14, while the technology-heavy Nasdaq Composite suffered the steepest losses, tumbling 602.336 points (-2.35%) to trade at 25,088.567.
Dow Jones Industrial Average (INDU)
DJIA index experienced a heavy downward extension today, breaking decisively lower to test the previously established swing high area. With strong bearish momentum now in firm control of the price action, the index faces a high probability of extending its correction further down to target the crucial ascending trend line support below. Traders and market participants should monitor this structural boundary closely to evaluate whether buyers can successfully defend the level or if the downward trend will accelerate.
Visa Inc. (V)
Visa Inc. (V) is currently following a steady downward trajectory, though it has yet to print a confirmed lower swing low on the daily chart. If the selling pressure persists and the price continues lower, the key region between $320.00 and $330.00—where the dynamic EMA 100 and EMA 200 converge—will serve as the primary target and critical support zone to watch for potential bullish reactions.