The Dow Jones index sold off 650 points Thursday as oil prices surged. Dollar General tumbled on earnings.

The Dow, S&P 500, and Nasdaq fell as Wall Street worried rising oil prices would risk future rate cuts and the war with Iran escalated.

U.S. equities closed sharply lower Thursday, with oil in focus after the Trump administration said the Navy isn't yet ready to escort tankers through the Strait of Hormuz. The Dow, S&P 500 and Nasdaq all finished at their lowest closing values since November.

The S&P 500 fell 1.5% Thursday and returned to big swings following a couple days of relative calm. The Dow Jones Industrial Average dropped 1.6%, and the Nasdaq composite sank 1.8%. The center of action was again the oil market,

Major US stock indexes slid 1% due to a volatile combination of escalating geopolitical instability in the Middle East and mounting jitters within the $2 trillion private credit market.

Dow Jones today: The Dow Jones Industrial Average rose to 48,133, up about 0.82%, while the S&P 500 climbed to 6,834 and the Nasdaq Composite reached 22,865. Investors returned to equities after oil prices dropped near $84 per barrel,

Stocks finish mostly lower on Wednesday as 10- through 30-year Treasury yields jump on the risks of inflation.

This $7.8 trillion figure suggests investors are losing faith in the stock market.

T. Rowe Price Group stock has lagged the Dow over the past year, and analysts are bearish about its prospects.

Stock futures pointed to a lower open Thursday as oil prices continued their ascent, with the International Energy Agency saying the Middle East war was "creating the largest supply disruption in the history of the global oil market.