Stocks Fall, Oil Hits 7-Month High As Trump Weighs Iran Strike: What's Moving Markets Thursday?
U.S. stocks edged lower Thursday as investor sentiment soured after President Donald Trump stopped short of ruling out a potential military intervention in Iran, lifting crude prices for a second straight session.
Speaking at the Board of Peace, Trump said the U.S. could "take it a step further — or not," adding that markets should learn more about Iran within the next 10 days.
Front-month West Texas Intermediate futures jumped 2.5% to $66.65 a barrel by midday trading in New York, extending Wednesday's nearly 5% surge and hitting the highest levels since early August 2025.
Major indexes moved modestly lower. The S&P 500 slipped 0.3%, while Nasdaq 100 and Dow Jones Industrial Average each fell about 0.5%.
Energy stocks led sector gains, rising 0.8% alongside crude, while financials lagged the broader market.
Among earnings movers, shares of Occidental Petroleum Corp. (NYSE:OXY) jumped 9% – the company’s best session since August 2022 – after earnings beat estimates.
Deere & Company (NYSE:DE) jumped 12.6% — its biggest daily gain since March 2020 — lifting month-to-date gains to 27%. That puts the industrial heavyweight on track for its strongest monthly performance since October 1974,
Walmart Inc. (NASDAQ:WMT) was little moved after broadly matching Street’s estimates. Quanta Services Inc. (NYSE:PWR) rose 4% reaching fresh record highs.
Booking Holdings Inc. (NASDAQ:BKNG) fell 7%, extending its month-to-date slide to 21%, its worst monthly performance since May 2022.
DoorDash Inc. (NASDAQ:DASH) gained 4.2% despite a double miss on earnings and revenue, suggesting buyers stepped in after recent weakness. Meanwhile, eBay Inc. (NASDAQ:EBAY) advanced 5% following quarterly results and news it will acquire fashion marketplace Depop from Etsy Inc. (NASDAQ:ETSY), which rose 11%.
Other earnings movers included Figma Inc. (NYSE:FIG), up 8.4%, Wayfair Inc. (NYSE:W), down 10.3%, Carvana Co. (NYSE:CVNA), down 10.73% and YETI Holdings Inc. (NYSE:YETI), down 11.9%.
Thursday’s Performance In Major US Indices, ETFs
| Major Indices | Price | Chg % |
| S&P 500 | 6,860.53 | -20.78 -0.3% |
| Russell 2000 | 2,650.31 | -8.30 -0.3% |
| Nasdaq 100 | 24,786.78 | -112.09 -0.5% |
| Dow Jones | 49,423.06 | -239.60 -0.5% |
According to Benzinga Pro platform:
- The Vanguard S&P 500 ETF (NYSE:VOO) fell 0.3% to $628.80.
- The SPDR Dow Jones Industrial Average (NYSE:DIA) moved 0.5% lower to $494.29.
- The tech-heavy Invesco QQQ Trust Series (NASDAQ:QQQ) eased 0.5% to $602.94.
- The iShares Russell 2000 ETF (NYSE:IWM) traded at $263.37, down 0.23%.
- The Energy Select Sector SPDR Fund (NYSE:XLE) outperformed, up 0.8% to $55.20; the Financial Select Sector SPDR Fund (NYSE:XLF) lagged, down 1.3% to $51.93.
Russell 1000's Top 5 Gainers And Losers On Thursday
| Americold Realty Trust, Inc. (NYSE:COLD) | +16.80% |
| Medical Properties Trust, Inc. (NYSE:MPW) | +14.43% |
| Omnicom Group Inc. (NYSE:OMC) | +13.55% |
| Deere & Company (NYSE:DE) | +13.13% |
| Etsy, Inc. (NASDAQ:ETSY) | +11.64% |
| Avis Budget Group, Inc. (NASDAQ:CAR) | -23.03% |
| EPAM Systems, Inc. (NYSE:EPAM) | -21.28% |
| Corcept Therapeutics Incorporated (NASDAQ:CORT) | -16.44% |
| Carvana Co. (NYSE:CVNA) | -11.72% |
| YETI Holdings, Inc. (NYSE:YETI) | -11.44% |
Image: Shutterstock
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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