Stock Market Today: Dow Skids, Oil Stocks Pop As Trump Says This On Iran; PG&E Plunges (Live Coverage)

The Dow Jones Industrial Average and other primary stock indexes took a hit during Monday trading sessions as geopolitical tensions flared once again. Investors reacted sharply to reports of U.S. military strikes against Iran, marking the first such engagement in over a month. The volatility intensified after President Donald Trump issued a stern warning to Tehran, leaving markets uneasy about the potential for further escalation in the region.

While the broader indices struggled, the energy sector found a silver lining in the chaos. Oil stocks popped throughout the day as crude prices surged, driven by fears that instability in the Middle East could disrupt global supply chains. However, this rally was not mirrored across all strategic sectors, as defense stocks surprisingly lagged behind despite the increase in military activity.

Adding to the day’s turbulence, utility giant PG&E saw its shares plunge, contributing to the downward pressure on certain portfolios. Traders spent much of the afternoon balancing the surge in commodity pricing against a general retreat from riskier assets, reflecting a wider sense of caution across Wall Street as they waited for more clarity on diplomatic efforts between Washington and Tehran.